The Reserve Bank of India is updating the e-rupee, its central bank digital currency, to include offline transactions and programmability.

These enhancements aim to boost the e-rupee's adoption in areas with poor internet service and to explore international transaction capabilities.

India's upcoming budget will be crucial in determining the trajectory of the country's digital asset ecosystem.

Indian crypto businesses are migrating to the UAE in search of a more favorable regulatory environment.

The global trend in the crypto industry shows the Middle East and Africa becoming increasingly important in the digital currency space.

The overarching goal of introducing CBDCs like the e-rupee is to improve monetary oversight and support the government's initiative to reduce cash usage.