Join Our 3,000,000+ Community
The Reserve Bank of India has announced that the country plans to launch a central bank-backed digital currency with the Indian Rupee. The country has had a mixed history with cryptocurrency, but has been a bit more favorable in recent times.
Central bank backed currency (CBDC) is a legal tender issued by a Central Bank in digital form. It is the same as fiat currency and is able to be swapped 1-1 between digital and fiat.
Regardless of the price actions, the sentiment remains positive for crypto currency as we see large economic powerhouses adopt the space in some form or another. There are over 10 countries around the world that now have digital currencies or will have them in the near future.
Harsharn Singh
Investment Associate | Ember Fund
Thank you for reading!
Don't forget to come into the app tomorrow to continue learning about crypto!
Enjoying Ember?
December 27, 2024
Let’s dive into what we’ve achieved this year and what’s on the horizon!
December 17, 2024
BTC’s been going to the moon recently, it’s almost Christmas, so why not celebrate with a HUGE 5,000,000 Sat giveaway? LFG!!
June 20, 2024
Ember partnered with popular gaming platform Roobet.com as a secure & fun method for mining withdrawals! This feature comes with a HUGE set of upgrades to our withdrawal process.