India’s own Cryptocurrency is coming ₹ 🚀🚀

Image showing 5 Rupee coins being metaphored to digtial currencies
  1. It is not feasible to ban as anyone can very easily hold massive amounts of wealth in crypto [pseudo-anonymously] all secured with a long passphrase. If banned, it will give rise to these activities in the black market.
  2. A lot of startups, researchers, founders would leave India if they are restricted
  3. We will lose our stance in world politics. As other countries will be launching their own such currencies. China is already in advanced stages and the UK just announced that they areconsidering launching their ownCentral Bank Digital Currency (CBDC).
Bitcoin V/s Gold Average True Range as a percentage of price via dailyfix.com
Bitcoin V/s Gold Average True Range as a percentage of price via dailyfix.com

Advantages of a digital rupee

Graphical represntation by finshots.in showing sectors of Indian Government Expenditure

Why back it with crypto

How it might operate

What is happening in China?

Conclusion

Morning Brew tweet stating how Venmo followed CashApp and started allowing Bitcoin trading
Morning Brew tweet stating how Venmo followed CashApp and started allowing Bitcoin trading

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A 16 Y/o Maker and Learner || hi@vimarsh.info

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Vimarsh

Vimarsh

A 16 Y/o Maker and Learner || hi@vimarsh.info

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