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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. ....

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India's Cryptocurrency Ban: Top 5 Things To Know

The ongoing Budget session of Parliament is expected to consider a bill that prohibits all private cryptocurrencies in India and provides for an official digital currency to be issued by the Reserve Bank of India. From social media hashtags to email campaigns, India’s crypto investors are doing what they can to lobby against a possible ban. Investors are considering self-custody wallets as one way to secure their crypto holding ahead of an impending ban. ....

Lok Sabha , Justice Rohintonf Nariman , Supreme Court , Reserve Bank , Official Digital Currency Bill , Lok Sabha Bulletin , லோக் சபா , உச்ச நீதிமன்றம் , இருப்பு வங்கி , அதிகாரி டிஜிட்டல் நாணய ர சி து , லோக் சபா புல்லட்டின் ,