🚀 **Crypto Clash: CBDCs vs. Cryptocurrencies in India!** 🪙

India's crypto scene is buzzing! Sumit Gupta, CEO of CoinDCX, recently sparked a debate, stating CBDCs (Central Bank Digital Currencies) and cryptocurrencies like Bitcoin (BTC) serve different purposes and shouldn't be seen as rivals.

**Key Points:**

- **CBDCs:** Centralized, controlled by the nation's central bank, great for managing inflation and monetary policy.

- **Cryptos:** Decentralized, promoting self-sovereignty and innovation.

Some warn CBDCs could become "digital fiat" with similar inflation risks. Meanwhile, India’s regulatory balance could shape its global digital economy role.

💬 What do you think? CBDCs or Cryptos? Drop your thoughts below!