India's Own Digital Currency to be Introduced in Phased Manner, RBI Forms Innovation Hub - News18

5/27/2022 12:00:00 AM2 years 11 months ago
by Business Desk
by Business Desk
The Reserve Bank has been exploring the pros and cons of introduction of CBDC in India, the central bank said. A CBDC is the legal tender issued by a central bank in a digital form.
The Reserve Bank of India in its annual report released on Friday, may 27, said it was going to take the path of a graded approach towards the introduction of the Central Bank Digital Currency. It sa… [+2912 chars]
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