It is indeed hypocrisy of the highest level. Rather than looking at things that are relevant and necessary, they are busy coming up with things that really does not even sound like those who have a clue of what they are doing. It is insane to be thinking of central bank of cryptocurrency when indeed everyone is their own bank and have full control of their money.
Of course, that shows how much they just want to keep being in control and in the center of everything, so I am not surprised at how ridiculous they are.
Its not just the hypocrisy here, a central Bank for crypto isn't necessary anywhere. Crypto isn't meant to be dealing with an whole economy to be honest, it hasn't reached that point of maturity where it can help control an economy. Crypto is still in its early years, and countries should rather focus on things like, I don't know, recession? Like, your country is fucking dying, but bitch I am going to open a central bank for crypto. I am not pointing this towards to India, but at Venezuela and Iran(?).
This world is dying. We have fucking jackasses like Logan Paul,John fucking McAfee,Alex Jones, Donald Trump etc getting richer and richer, whilst at least 50% of the world is in recession.
Jackasses indeed I must say. It is just appalling that the same set of people that are put there in the first place to make the world a better place are the same set of people trying to frustrate the efforts of making the world a better place for their own selfish reasons.
I do not expect anything backed by the government not to be controlled anyway and since according to the OP, what brought about this is the first place is India creating their own rupee backed cryptocurrency and having a central bank for digital currencies which the latter is the most absurd thing I have ever heard. This shows set of vision-less leaders with no iota of doing something tangible for the benefit of others than themselves.