Today news
About the same in other media
India Should Adopt Basic Model For Central Bank Digital Currency: RBI
Reading now: 391
ndtv.comRBI has said that a basic model for central bank digital currency should be adopted initially
Reserve Bank of India (RBI) has said that the country needs to initially adopt a basic model of central bank digital currency (CBDC) and use the payment system architecture as a backbone to make a state-of-the-art system.
In its basic form, a 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.
"Given its dynamic impact on macroeconomic policy making, it is necessary to adopt basic models initially, and test comprehensively so that they have minimal impact on monetary policy and the banking system. India's progress in payment
Read more on ndtv.comAbout this in other media
India's CBDC, Ozzy Bites NFT, Decentralized Autonomous Rug Pull + More News cryptonews.com /2 years ago
India: Crypto-regulations, adoption will come, but can they bridge the digital divide? ambcrypto.com /2 years ago
Indian police commissioner issues a public warning against crypto frauds cointelegraph.com /2 years ago
Show more
The website finance-news.co. 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.
