Digital Rupee won't eliminate cryptos in India: CEA Nageswaran

Chief Economic Advisor (CEA) V Anantha Nageswaran said the introduction of a Central Bank Digital Currency, or Digital Rupee, won't lead to the elimination of cryptos and stablecoins as they satisfy different objectives. "Objective for cryptos to emerge is...tax evasion, money laundering and speculation...Therefore, they have to be tackled separately with other regulatory instruments," he said.