Is India ready for CBDC? Among tier-2 cities, Jaipur has the highest number of crypto adopters in terms of CoinSwitch users, followed by Lucknow and Pune. There are over 19 million crypto users on CoinSwitch – 94% of them use Android phones to buy and sell their crypto assets. Major growth in India’s crypto ecosystem occurred in 2021, when investments in crypto companies increased – investors invested $513 million in 32 crypto companies. Is India ready for CBDC?

Source: Economic Times December 10, 2023 13:17 UTC