印度的加密貨幣監管立場繼續引發爭論，CBDC 被視為比「私人加密貨幣」更具優勢

印度對加密貨幣和央行數位貨幣的監管立場繼續引發爭論，最近的討論表明 CBDC 可能比「私人加密貨幣」更具優勢。

India's stance on cryptocurrencies and central bank digital currencies (CBDCs) continues to be a subject of discussion, with recent statements suggesting that CBDCs may have an advantage over “private cryptocurrencies.” In an Oct. 23 X post, CoinDCX Co-founder and CEO Sumit Gupta shared his thoughts on the matter.

印度對加密貨幣和央行數位貨幣（CBDC）的立場仍然是討論的主題，最近的聲明表明 CBDC 可能比「私人加密貨幣」更具優勢。在 10 月 23 日的一篇貼文中，CoinDCX 聯合創始人兼執行長 Sumit Gupta 分享了他對此事的看法。

According to Gupta, CBDCs and cryptocurrencies like Bitcoin ( BTC) serve different purposes and “shouldn’t be viewed as competitors.” While cryptocurrencies aim to facilitate peer-to-peer transactions and financial inclusion, CBDCs are designed to complement existing fiat currencies and banking systems.

Gupta 表示，CBDC 和比特幣 (BTC) 等加密貨幣有不同的用途，「不應被視為競爭對手」。雖然加密貨幣旨在促進點對點交易和金融包容性，但 CBDC 旨在補充現有的法定貨幣和銀行系統。

In an interview with Cointelegraph, Gupta stated that CBDCs, being centralized digital currencies, play a crucial role in monetary policy and governance. He explained further, saying:

Gupta 在接受 Cointelegraph 採訪時表示，CBDC 作為中心化數位貨幣，在貨幣政策和治理中發揮著至關重要的作用。他進一步解釋：

Gupta added that “this centralization enables effective implementation of monetary policy, allowing for better management of inflation, liquidity and interest rates.”

古普塔補充說，“這種集中化能夠有效實施貨幣政策，從而更好地管理通膨、流動性和利率。”

However, some members of the crypto community remain skeptical of CBDCs. In a recent interview with Cointelegraph, TON Society Co-Founder Jack Booth shared his concerns, saying, “CBDCs pose the greatest danger to self-sovereignty,” adding that public trust in governments is at historic lows.

然而，加密社群的一些成員仍然對 CBDC 持懷疑態度。在最近接受 Cointelegraph 採訪時，TON Society 聯合創始人 Jack Booth 表達了他的擔憂，他表示：“CBDC 對自我主權構成了最大的威脅”，並補充說公眾對政府的信任度處於歷史低點。

As India shapes its approach to crypto regulation, striking a balance between security and innovation will likely influence its role in the global digital economy.

隨著印度製定其加密貨幣監管方法，在安全和創新之間取得平衡可能會影響其在全球數位經濟中的作用。

CBDCs vs. cryptocurrencies: A closer look

CBDC 與加密貨幣：仔細觀察

In an interview with Cointelegraph, Gupta shared his perspective on the differences between CBDCs and cryptocurrencies, highlighting their distinct characteristics and purposes.

在接受 Cointelegraph 採訪時，Gupta 分享了他對 CBDC 和加密貨幣之間差異的看法，強調了它們的獨特特徵和目的。

According to Gupta, both CBDCs and cryptocurrencies have their own strengths and weaknesses, and they cater to different needs within the broader financial ecosystem. He explained further, saying:

Gupta 表示，CBDC 和加密貨幣都有各自的優點和缺點，它們滿足更廣泛的金融生態系統中的不同需求。他進一步解釋：

Gupta added that cryptocurrencies, on the other hand, “are valuable for their decentralization, which enables faster, cheaper and more inclusive transactions.” He went on to say that crypto “aims to complement the existing financial infrastructure and empower individuals with greater financial freedom.”

古普塔補充說，另一方面，加密貨幣“因其去中心化而具有價值，可以實現更快、更便宜和更具包容性的交易。”他接著說，加密貨幣“旨在補充現有的金融基礎設施，並賦予個人更大的財務自由。”

Despite the Indian government's consideration of banning private cryptocurrencies, Gupta believes that the country is open to fintech innovation. He pointed out that crypto exchanges have been able to comply with tax frameworks and the Financial Intelligence Unit's (FIU) guidelines, thanks to India's crypto regulation.

儘管印度政府考慮禁止私人加密貨幣，但古普塔認為該國對金融科技創新持開放態度。他指出，由於印度的加密貨幣監管，加密貨幣交易所能夠遵守稅收框架和金融情報機構（FIU）的指導方針。

This shift was evident in March, when the Supreme Court of India overturned the Reserve Bank of India's (RBI) ban on banks dealing with crypto-related firms.

這種轉變在 3 月表現得很明顯，當時印度最高法院推翻了印度儲備銀行 (RBI) 禁止銀行與加密貨幣相關公司打交道的禁令。

Striking the regulatory balance: Gupta's suggestions

實現監管平衡：古普塔的建議

In his X post, Gupta also urged the Indian government to “ensure a level playing field where all participants follow the law of the land.” He highlighted the need for clear crypto regulations and the importance of striking a balance between encouraging innovation and protecting citizens.

古普塔在他的 X 帖子中還敦促印度政府“確保所有參與者都遵守當地法律的公平競爭環境。”他強調了明確的加密貨幣監管的必要性以及在鼓勵創新和保護公民之間取得平衡的重要性。

Gupta also expressed hope that “relief is given on taxation” following the establishment of monitoring and compliance measures, which he says are being “driven through PMLA [Prevention of Money Laundering Act] initiatives.”

古普塔還表示希望在建立監督和合規措施後“給予稅收減免”，他說這些措施是“通過 PMLA（防止洗錢法）舉措推動的”。