{"id":11696,"date":"2023-08-02T14:04:40","date_gmt":"2023-08-02T08:34:40","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=11696"},"modified":"2023-08-06T12:12:35","modified_gmt":"2023-08-06T06:42:35","slug":"cbdcs-in-india-why-indians-need-to-be-cautious","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/cbdcs-in-india-why-indians-need-to-be-cautious\/","title":{"rendered":"CBDC Challenges in India – You Need to Be Cautious","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Central Bank Digital Currencies (CBDCs) are a topic of much debate in recent times.<\/p>\n
While many proponents argue that CBDCs have the potential to improve financial inclusion, reduce costs and increase efficiency, others are more skeptical of the potential consequences of CBDCs, particularly in developing countries like India.<\/p>\n
However, before studying the negative consequences of CBDCs, I would want you to first understand what exactly are CBDCs and why are they gaining importance in today\u2019s time.<\/p>\n