Investors are lining up for companies in the Indian cryptocurrency and blockchain industry. The total risk funding in domestic crypto and blockchain startups shot up to $587.16 million as of October 17 this year, compared to $37 million in the previous year, the highest ever, according to data shared with ET by industry tracker Tracxn. The bulk of the capital has come from international investors eager to cash in on India’s large customer base as they backed companies with significant traction, industry players said.
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RBI is working towards a 'phased introduction' of the digital rupee. The digital rupee will likely coexist with cash and digital forms of payments.
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