
India is set to launch a new digital currency backed by the Reserve Bank of India (RBI). Commerce Minister Piyush Goyal said the RBI-backed currency will make transactions faster, safer, and more transparent, using blockchain technology similar to U.S. stablecoins. The move aims to replace traditional cash gradually while cutting paper use. India remains cautious about cryptocurrencies not backed by the government and heavily taxes them to discourage risky use. This digital rupee promises a secure way to transact with official backing.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The next crypto bull run is taking shape amidst bullish CPI data talks. Institutional and…
The global financial markets are bracing for a historic shift as the U.S. Federal Reserve…
After weeks of sideways trading, veteran trader VirtualBacon believes the crypto market is standing on…
Today pi coin price has stirred up excitement with a sharp jump. After trading sideways,…
October 29, 2025 06:44:57 UTC WLFI Holds Strong at $0.15 as Buyers Accumulate for Potential…
An early Ethereum ICO participant has finally moved 1,500 ETH worth $6 million to the…