🚨 India's Crypto Crackdown 🚨

India is tightening its grip by pushing for CBDC over #Bitcoin & #Ethereum .🤔

CBDC, the government's digital currency, debuted in Dec 2022.

Govt. fears crypto's surge might overshadow CBDC's growth.

They argue CBDC matches #Crypto capabilities but with less risk.

Why the push for CBDC?

Control. 💰 Governments aim to monitor and manage transactions more closely.

By adopting CBDC, this control becomes seamless.