Wu said that, according to Cryptonews, based on a report released on Tuesday, India is weighing a potential ban on cryptocurrencies like Bitcoin and Ethereum, while exploring the adoption of Central Bank Digital Currency (CBDC). This shift in stance stems from the government's concerns about the risks posed by private cryptocurrencies, as officials assess the benefits of CBDCs, which they believe can provide similar advantages but with lower risks. A senior official commented that CBDCs can do everything that cryptocurrencies can do, but without the risks. Notably, looking at India's regulatory history with cryptocurrencies, the relationship has been marked by a series of policy reversals.