Today news
About the same in other media
Why RBI thinks India should go for basic models of central bank digital currency
Reading now: 513
livemint.comThe Reserve Bank of India (RBI) on Tuesday said India must go for basic models of central bank digital currency initially given its dynamic impact on microeconomic policy.
In its report released on 'Trend and Progress of Banking in India 2020-21', the RBI said in its basic form, a central bank digital currency (CBDC) provides a safe, robust, and convenient alternative to physical cash.
"Depending on various design choices, it can also assume the complex form of a financial instrument. In comparison with existing forms of money, it can offer benefits to users in terms of liquidity, scalability, acceptance, ease of transactions with anonymity and faster settlement," the RBI said
RBI further added that Central banks across the globe are now
Read more on livemint.comAbout this in other media
Private cryptocurrencies pose immediate risks, prone to frauds, says RBI FSR report moneycontrol.com /2 years ago
India needs to initially go for basic model for CBDC, says RBI report business-standard.com /2 years ago
India: Crypto-regulations, adoption will come, but can they bridge the digital divide? ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
