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Subject Is India about to make BITCOIN into its official CURRENCY?? Exciting crypto news shows the real future!!!

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Original Message India may be launching a digital currency, an official from the Reserve Bank of India (RBI) said today.

Speaking at a panel discussion held by the Vidhi Centre for Legal Policy think tank, RBI deputy governor T Rabi Shankar described the potential Central Bank Digital Currencies (CBDCs) have for India, including smoother international transactions and protections from volatility.

Addressing whether CBDCs are needed in India, Shankar said: "It is important that all central banks get on the CBDC arrangements and coordinate effectively within themselves to actually maximize the immense potentials that CBDCs carry."

The deputy governor said the RBI had studied specific-purpose CBDCs for wholesale and retail segments and was considering launching a general-purpose, population-scale currency.

China looks to be the leader of the pack when it comes to digital currency. Last week the Middle Kingdom said its digital yuan trial had reached ¥34.5bn ($5.3bn) in transaction value.

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