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CBDC - Can RBI make a big leap into the future with digital currencies?
Capitalmind Podcast
How Do Cryptocurrencies Work?
India has a fairly large cash component of transactions. Beyond 20 thousand rupees, you can't transact very easily because people ask you for pan cards and all sorts of things. The government wants to make it easier for le to be able to use a currency which is like cash but not exactly cash. But they also want to save distribute subsidies which are targeted af the right population.
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