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Post-FTX, India and Europe Push Ahead With CBDCs

The Breakdown

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CBDC Digital Rupee - The Best Alternative to Cryptocurrency

The Reserve Bank of India will begin to test its digital rupee across four cities, including Mumbai and New Delhi. The CBDC will be issued in the same denominations as existing notes and coins with payments being made using QR codes. Here in the United States, Senator Ron Wyden has sent letters to multiple crypto exchanges seeking details on how they protect customer funds after FTX collapse.

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