TechFlow news, October 7 — According to Aninews, Indian Minister of Commerce and Industry Piyush Goyal revealed that India will soon launch a central bank-backed digital currency supported by the Reserve Bank of India (RBI), leveraging blockchain technology to enable faster and more secure transactions, similar to stablecoins in the United States. However, Piyush Goyal emphasized that the Indian government remains cautious toward cryptocurrencies like Bitcoin that lack sovereign backing, highlighting the risks associated with unregulated digital assets.
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