India will release its own digital currency, but the ban on private cryptocurrencies will not be lifted

The Reserve Bank of India (RBI), the country's central bank, has shown interest in the digital currency. Yes, regulatorunveiled plans to create its own digital currency.

Shaktikanta Das, head of RBI, noted that the release of digital currency may take some time, given that the technology is still in its infancy.

Meanwhile, the ad does not change positioncentral bank regarding private cryptocurrencies. Notably, in July, the Inter-Ministerial Committee submitted a bill to the Ministry of Finance that proposed banning all private cryptocurrencies in India except those issued by the government.

Despite this, today's decision can positively respond to the development of the region, as it gives hope to the country's residents to officially use digital currency in the future.

When it comes to blockchain, authorities are taking practical interest in integrating the technology to support and develop several sectors in the country, including the tea industry.