Which other countries have already implemented a CBDC and what can India learn from their experiences?

1 answers

• Dec 16, 2021 · 3 years ago
  As an expert in the digital currency industry, I can say that the implementation of a CBDC requires careful consideration of various factors. Countries like China, Sweden, and the Bahamas have already taken the lead in implementing CBDCs, and India can learn from their experiences. China's DCEP has shown the potential for a CBDC to enhance financial inclusion and promote digital payments. Sweden's e-krona has highlighted the importance of addressing privacy concerns and ensuring user trust. The Bahamas' Sand Dollar has demonstrated the benefits of a CBDC in reaching underserved populations. By studying these examples, India can develop a robust CBDC framework that addresses the unique challenges and opportunities in the country's financial landscape.
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