Join Our 1,000,000+ 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?
April 12, 2024
To celebrate all-time highs on Bitcoin, we're giving out 1.5 MILLION Sats to the community! 🎉
April 10, 2024
It's time for the March 2024 Recap Newsletter! Here are the product highlights and milestones from the past month.
April 09, 2024
We're thrilled to announce the Ember community's mining & reward stats for the month of March!