India starts testing digital rupees
As the use and awareness of cryptocurrencies increased, different countries started their own cryptocurrency moves. In this context, here are India's initiatives.
India continues to accelerate in its digital rupee work. India, which has been conducting tests on the digital rupee for a while, is preparing to launch the digital rupee in the first quarter of 2023. First pilot for India's digital rupee project. The Indian parliament has tried to ban Bitcoin (BTC), Tether USD (UST) and Ethereum (ETH) transactions in the past months but failed. After India's failed attempt, the country's central bank is stepping up its efforts to launch the digital rupee in the first quarter of 2023, in its latest statement. Hong Kong updates its perspective on cryptoassets
India starts testing digital rupees
The crypto-asset sector has recently become the focus of regulators. Although the regulators of many countries are actively working on the issue, a definite framework has not been drawn. At this point, some countries may regret the steps they took in the first place. Finally, a step came on the Hong Kong side. Hong Kong's Financial Services and Treasury Bureau also issued a policy statement on virtual assets at the launch of Hong Kong FinTech Week, the city's flagship tech conference, on Monday. The statement states that Hong Kong is “ready to engage and invite them to the city” with global virtual asset service providers.
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