India might introduce its first digital currency programs by Dec 2021

Syed AhadWeb Editor

27th Aug, 2021. 08:29 pm
India

According to representatives, RBI, the Reserve Bank of India might introduce its first-ever digital currency programs by December 2021,

The RBI (Reserve Bank of India) is very curious about the Central Bank Digital Currency (CBDC) since it is totally a new invention.

As per the governor, the bank is investigating different features of a digital currency including its safety, effect on the financial sector of India along how it will affect monetary policy and currency.

The central bank is also discovering the choice between having a centralized ledger for the digital currency or the distributed ledger technology (DLT). The bank is developing a digital currency implementation strategy that will be phased over time.

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