Mika
VIP Contributor
Do you know China has launched its own digital version of fiat money? It is called the Digital Currency Electronic Payment (DC/EP). This digital currency is backed by the Chinese fiat currency Yuan deposits in China's central bank. Digital Yuan is not yet available for trading.
According to the news report, just like China, India is also planning to launch a digital version of Rupee which will be backed by the Reserve Bank of India. The government has not revealed the details of Digital Rupee, however, crypto analysts speculate that India intends to ban private cryptocurrencies and use blockchain technology to creates its own official cryptocurrency.
Do you think governments around the world will develop their own cryptocurrency? Will Governments around the world launch their own cryptocurrency?
According to the news report, just like China, India is also planning to launch a digital version of Rupee which will be backed by the Reserve Bank of India. The government has not revealed the details of Digital Rupee, however, crypto analysts speculate that India intends to ban private cryptocurrencies and use blockchain technology to creates its own official cryptocurrency.
Do you think governments around the world will develop their own cryptocurrency? Will Governments around the world launch their own cryptocurrency?