You can now recharge your FASTag wallet with bitcoin through Unocoin medianama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medianama.com Daily Mail and Mail on Sunday newspapers.
India Business News: The RBI’s plan to launch an Indian crypto currency, the digital rupee, could be a gamechanger when it comes to financial inclusion and government tran
Mauritius Announces New Tax Reliefs In 2021-22 Budget tax-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tax-news.com Daily Mail and Mail on Sunday newspapers.
15 hours ago
Speaking at a webinar, the RBI deputy governor examined key issues related to bank-backed digital currencies and spoke about why they were important given the advent of cryptocurrencies.
The Reserve Bank of India is working towards a “phased implementation strategy” for the introduction of central bank-backed digital currency (CBDC), Digital Rupee, and examining use cases to ensure that its execution does not cause any disruption. Unlike cryptocurrency or private virtual currency (PVC) which is issued by private entities, a CBDC (same as a fiat currency) is issued by a country’s central bank, and is backed by assets such as government securities. It is also exchangeable one-to-one with the fiat currency.