But the value of fiat currency on the exchanges cannot be same. Moreover, being a centralized currency RBI can control rates, there by controlling how much profits we can earn. And the use case should not be limited only to facilitate trading. there has to be a strong white paper before even announcing it. Other wise the currency will not sustain. And that is where the adaptability of crypto in India comes in to picture. Crypto itself is in a nasicent stage here. RBI should not rush into investing more money prior to recovering huge losses recent scams have incurred. Even a developed country like Switzerland retracted their decision to introduce their fiat in digital.
RE: India Ban on Bitcoin | RBI Provides 3 Months to Everyone | My Views