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India to Launch RBI-Backed Digital Currency Amid Caution on Bitcoin

2025-10-07 14:10:00 2 days ago CoinRank

CONTENT

According to Aninews, India’s Minister of Commerce and Industry, Piyush Goyal, revealed that the country is preparing to launch a digital currency backed by the Reserve Bank of India (RBI). The initiative aims to leverage blockchain technology to enable faster and more secure transactions, similar in concept to U.S. stablecoins.

However, Goyal emphasized that the Indian government remains cautious toward cryptocurrencies like Bitcoin that lack sovereign backing, warning that unregulated digital assets could pose significant risks.

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