Exploring Cryptocurrency Regulation in India: assessing the Potential Impact of Central Bank Digital Currency

Key Points

• The aim is to evaluate how cryptocurrency regulation and the introduction of a central bank digital currency (CBDC) might influence the economic landscape in India.
• Literature review on cryptocurrency and CBDC
• Analysis of current regulatory frameworks
• Case studies of other countries' CBDCs
• Potential regulations may curb cryptocurrency volatility
• CBDC introduction could enhance financial inclusion
• Impact on traditional banking systems has implications for monetary policy

Abstract