India is considering a ban on cryptocurrencies as it intensifies its push for the adoption of the digital rupee. With 5 million users now registered, the Reserve Bank of India aims to enhance the digital currency's usability and cross-border capabilities. This move aligns with global trends toward central bank digital currencies (CBDCs) while addressing concerns over the risks associated with private cryptocurrencies. The future of digital payments in India could hinge on how effectively the digital rupee is integrated into daily transactions.

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🏦🤔 JP Morgan CEO expresses strong anti-crypto sentiment, stating, "If I were a public official, I would have banned cryptocurrencies," emphasizing concerns over their potential use in illicit activities such as , money laundering, and tax evasion. 🚫💰 #CryptocurrencyBan #JPmorganCEO