How India’s Digital Rupee Can Coexist With DeFi Platforms
The Indian digital finance scene may be at a crossroads. The issuance of a Digital Rupee (e₹) by the Reserve Bank of India (RBI) marks a huge step towards a digital economy, while at the same time, in other parts of the world, the DeFi sector is expanding, as financial service products and services are moving to blockchain and other decentralized financial systems that do not have traditional intermediaries. Between the two paradigms of a centrally issued digital currency and decentralized finance systems are challenges for the Indian financial ecosystem...