🇮🇳 India Discusses Crypto and CBDCs!

- CoinDCX co-founder Sumit Gupta says CBDCs and cryptocurrencies like Bitcoin serve different functions and should not compete.

- Some fear CBDCs could become "digital fiat" with the same inflation risks.

- India aims to balance security and innovation in crypto regulation.

- Gupta stresses compliance and tax cuts to drive Web3 growth.

Source: Sumit Gupta