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RBI to introduce Digital Rupee in phased manner; more on key issues


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. ....

T Rabi Sankar , Information Technology , Vidhi Centre For Legal , Reserve Bank , Digital Rupee , Lok Sabha Bulletin , Monsoon Session , Vidhi Centre , Legal Policy , Coinage Act , Information Technology Act , டி ராபி சங்கர் , தகவல் தொழில்நுட்பம் , வீதி மையம் க்கு சட்டப்பூர்வமானது , இருப்பு வங்கி , டிஜிட்டல் ரூபாய் , லோக் சபா புல்லட்டின் , பருவமழை அமர்வு , வீதி மையம் , சட்டப்பூர்வமானது பாலிஸீ , தகவல் தொழில்நுட்பம் நாடகம் ,