Government representatives claim that the goal of development currently is to make the digital currency comply with other payment systems and monetary policies.
Moreover, the representatives say that the Indian government is second-guessing the choice altogether.
India’s Central Bank Digital Currency was announced all the way back in February, but already in April, the Central Bank revealed the “Graded Approach” tactic mentioning that a state-supported cryptocurrency might foil the country’s financial stability.
It would seem that we’ll still have to wait for more until we can see it in full force.
