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The Indian government has officially announced the creation of a state-owned digital currency controlled by the Reserve Bank of India. This project is a natural step in the development of the country's financial system using modern technologies. The digital rupee will receive the status of a legal tender secured by the state, just like regular paper money.

The new settlement system will be based on blockchain, which will ensure high security and transparency of transactions. The main feature of the architecture is the ability to track operations in detail without disclosing users' personal data. This will allow you to take the best from digital assets, without forgetting about the necessary regulatory control.

Representatives of the Ministry of Finance stressed that the digital rupee being developed differs from existing cryptocurrencies. The main difference is centralized management and compliance with all financial laws. This reduces the risks associated with unregulated digital assets while maintaining the technological advantages of blockchain.

The development of the digital rupee is taking place against the background of the growing popularity of cryptocurrencies among residents of India. Research shows that India is one of the leading countries in the use of digital assets in the world.

The introduction of the digital rupee will take place gradually, with mandatory testing of all functions and ensuring smooth integration into the existing financial system. Special attention is paid to cybersecurity and protection against potential threats specific to digital payments.