India Exploring Commercial Uses for CBDC, Says Finance Minister !!! - page 2.

Don Pedro Dinero

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Quote from: so98nn on May 01, 2022, 03:02:49 AM

That is just another attempt to attract peeps towards the local fiat currency to which they are converting into digital format.

Quote from: Kemarit on May 01, 2022, 04:30:42 AM

Nothing new here, I mean there have been governments around the world, shifting towards CBCD.

Quote from: slaman29 on May 01, 2022, 05:18:06 AM

CBDCs I wouldn't put too much value in them.

I agree with these comments. CBDCs are a new form of fiat money, or rather the digital replacement for the new fiat. So it's not surprising what they are doing in India, but if you appreciate Bitcoin and its decentralisation, you won't be thrilled by the news.

slaman29

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Don't know why you're using exclamation marks but anyway, just in case you're new to India, the country will always find ways to surprise you with tech. In general, friendly with tech and crypto until it starts to make them confused and troubles the rich, they they change their minds and fight with the system.

CBDCs I wouldn't put too much value in them.

_act_

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Quote from: tokyohd on May 01, 2022, 02:45:31 AM

What do you think about the comments by India’s finance minister?

That is a good idea, if they make more research, I believe they will finally come into conclusion that CBDCs are fiat and have no other further function that fiat can not perform, I am not saying phisical fiat called paper money but about the fiat that are transferred electronically, like through the use of bank app or payment gateway like credit cards.

Asiska02

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Many countries around the world have began to introduce digital currencies not only India this is not new anymore. But the fact that government does not understand and doesn’t want to implicate and approve the use of cryptocurrency is still making no sense. Some countries who have introduced digital currency have no different with the normal fiat, I just hope it helps in making transactions faster and easier for all in the long run.

Kemarit

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Nothing new here, I mean there have been governments around the world, shifting towards CBCD. I'm not against it, specially if it will help the citizens do transactions with the government much faster with their digital fiat. But I don't like it being force to the citizens though, at least India should not be anti-crypto. They should understand of all the countries, that this is a new technology that can shape the future of one of the largest population.

so98nn

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That is just another attempt to attract peeps towards the local fiat currency to which they are converting into digital format. It really does not matter if they form multiple partnership with USA or any other countries but at the end it would be to take attention away from the crypto currency’s and put into their own digital currency.

These are all attempts to keep peeps away from the crypto space. The same way she also imposed 30% taxes on the crypto transactions. So this is what it means.

tokyohd

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India Exploring Commercial Uses for Central Bank Digital Currency (CBDC) Says Finance Master!

The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023.

India’s Finance Minister on RBI-Backed Digital Currency
Indian Finance Minister Nirmala Sitharaman talked about the country’s central bank digital currency (CBDC), the digital rupee, this week at a business roundtable on “Investing in India’s Digital Revolution” in San Francisco.

The event was organized by the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group based in India. It was hosted by the U.S.-India Strategic Partnership Forum (USISPF).

More Info: https://news.bitcoin.com/india-exploring-commercial-uses-for-central-bank-digital-currency-says-finance-minister/

What do you think about the comments by India’s finance minister?

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