#cbdc
🇮🇳 India is launching a digital currency to speed up transactions.

The Minister of Trade and Industry Pijush Goyal said that the new digital rupee is guaranteed by the Reserve Bank of the country (RBI) - like ordinary money, but on the blockchain.

Unlike Bitcoin, which the government considers a «unguaranteed asset», the digital rupee will become the official alternative to private cryptocurrencies.

What does it mean:
- Operations will be carried out instantly and safely.
- Each transaction will become transparent and trackable.
- The system will help fight shadow translations.

Goyal noted that the project is inspired by the American GENIUS law, which legalized stablecoins in the United States.

@Сryptoz ₿