India and Nigeria ramp up plans to launch central bank digital currencies

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Both India and Nigeria’s central banks are exploring the next phase of implementing a digital fiat currency, which would compete with cryptocurrencies

the Reserve Bank of India is considering running a series of pilot programs for a proposed CBDC.

Sankar said “perhaps the time for CBDCs is nigh” and the RBI was weighing a “phased introduction” of a digital rupee to allow time for required legal changes to the country’s foreign-exchange rules. He added that it would reduce currency costs for the government and protect citizens from the volatility of cryptocurrencies.back in March that highlighted the benefits of a CBDC for financial inclusion and drawbacks related to raising the cost of lending through commercial banks.

While the Indian government has previously indicated its intent to ban cryptocurrencies, the mood has in recent months with signs of the country taking a more lenient approach by regulating the crypto market.of central banks around the world are exploring use cases for CBDCs, with 40 percent already testing pilot programs.The US announced a series of private sector-led pilot programmes in May to generate data to help policymakers develop a digital dollar.

 

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पिछले लोकसभा चुनाव में yadavakhilesh की समाजवादी पार्टी 37 सीटों पर चुनाव लड़ी थी। जिसमें महज़ 5 सीटों पर जीत हासिल की थी। वो पांच सीटें आज़मगढ़, मुरादाबाद, संभल, रामपुर और मैनपुरी थी। इनमें मैनपुरी को छोड़ दिया जाए तो आज़मगढ़, संभल, मुरादाबाद, रामपुर मुस्लिम बाहुल्य सीटें हैं।

Nigeria gonna be a threat in crypto world if they are successful....

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