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Cryptocurrencies have no underlying value, opines RBI governor

The RBI governor reiterated his concerns on cryptocurrencies, terming them a “huge threat to macroeconomic and financial stability.”

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Nandan Nilekani supports having anonymity in CBDC to be issued by RBI: Report

India’s Digital Rupee (CBDC) must have anonymity built into it to avoid surveillance, said Infosys co-founder Nandan Nilekani.

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Digital rupees can be traded in for physical cash, says PM Modi

CBDCs issued by the Reserve Bank of India will be exchangeable with the physical rupee, Prime Minister Modi said in a speech.

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