印度的加密货币监管立场继续引发争论，CBDC 被视为比“私人加密货币”更具优势

印度对加密货币和央行数字货币的监管立场继续引发争论，最近的讨论表明 CBDC 可能比“私人加密货币”更具优势。

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.

印度对加密货币和央行数字货币（CBDC）的立场仍然是讨论的主题，最近的声明表明 CBDC 可能比“私人加密货币”更具优势。在 10 月 23 日的一篇帖子中，CoinDCX 联合创始人兼首席执行官 Sumit Gupta 分享了他对此事的看法。

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 和比特币 (BTC) 等加密货币有不同的用途，“不应被视为竞争对手”。虽然加密货币旨在促进点对点交易和金融包容性，但 CBDC 旨在补充现有的法定货币和银行系统。

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 采访时表示，CBDC 作为中心化数字货币，在货币政策和治理中发挥着至关重要的作用。他进一步解释说：

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

古普塔补充说，“这种集中化能够有效实施货币政策，从而更好地管理通胀、流动性和利率。”

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，加密社区的一些成员仍然对 CBDC 持怀疑态度。在最近接受 Cointelegraph 采访时，TON Society 联合创始人 Jack Booth 表达了他的担忧，他表示：“CBDC 对自我主权构成了最大的威胁”，并补充说公众对政府的信任度处于历史低点。

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.

随着印度制定其加密货币监管方法，在安全和创新之间取得平衡可能会影响其在全球数字经济中的作用。

CBDCs vs. cryptocurrencies: A closer look

CBDC 与加密货币：仔细观察

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 采访时，Gupta 分享了他对 CBDC 和加密货币之间差异的看法，强调了它们的独特特征和目的。

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 和加密货币都有各自的优点和缺点，它们满足更广泛的金融生态系统中的不同需求。他进一步解释说：

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.”

古普塔补充说，另一方面，加密货币“因其去中心化而具有价值，可以实现更快、更便宜和更具包容性的交易。”他接着说，加密货币“旨在补充现有的金融基础设施，并赋予个人更大的财务自由。”

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.

尽管印度政府考虑禁止私人加密货币，但古普塔认为该国对金融科技创新持开放态度。他指出，得益于印度的加密货币监管，加密货币交易所能够遵守税收框架和金融情报机构（FIU）的指导方针。

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.

这种转变在 3 月份表现得很明显，当时印度最高法院推翻了印度储备银行 (RBI) 禁止银行与加密货币相关公司打交道的禁令。

Striking the regulatory balance: Gupta's suggestions

实现监管平衡：古普塔的建议

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 帖子中还敦促印度政府“确保所有参与者都遵守当地法律的公平竞争环境。”他强调了明确的加密货币监管的必要性以及在鼓励创新和保护公民之间取得平衡的重要性。

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.”

古普塔还表示希望在建立监督和合规措施后“给予税收减免”，他说这些措施是“通过 PMLA（防止洗钱法）举措推动的”。