In April 2018, the central bank of India developed the idea of issuing a national digital currency dubbed the Central Bank Digital Currency (CBDC). The annunciation came after it barricaded all financial institutions from engaging in any kind of business with cryptocurrency-related firms. The sudden crackdown was not anticipated and pushed several cryptoasset exchanges out of business in the country.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/india-rbi-postpone ... ypto-cbdc/
