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In a recent blogpost, the Indian Software Product Industry RoundTable (iSpirt) said that the India Stack project can be used to “help connect the trillion-dollar cryptoeconomy to capital-hungry Indian entrepreneurs.” This was followed by another blogpost by tech-investor Balaji Srinivisan who said that the India Stack can support the digital rupee ambitions and enable Indians to use either digital currencies or crypto-currencies interchangbly.
Little information has trickled out on what the government and Reserve Bank of India’s (RBI) planned crypto-bill and Central-Bank Digital Currency will look like, ever since the news broke over two months ago. Some hints have been dropped along the way, like the Finance Ministers’ ‘calibrated‘ approach comment, a change in company disclosure rules and the RBI’s musings’ on its Digital Rupee project.