CBDCs in India – A Leap of Faith?
- Megha Mittal, Senior Associate (mittal@vinodkothari.com)
Introduction
Right from RBI’s (in)famous March 2018 Circular (‘Circular’) banning all operations by virtual currency exchanges (VCEs) to the Hon’ble Supreme Court’s verdict upholding the constitutionality of cryptocurrency and its exchanges, the debate over the adaptability of cryptos has led to a demographic split in India.
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