Central Bank Digital Currency: RBI evaluating running pilots for digital currency

Central Bank Digital Currency: RBI evaluating running pilots for digital currency

"Introduction of CBDC has the potential to provide significant benefits, such as reduced dependency on cash, higher seigniorage due to lower transaction costs, reduced settlement risk", Shankar said while addressing an event organised by Vidhi Centre for Legal Policy. The Reserve Bank of India (RBI) is examining use cases of a central bank digital currency (CBDC) and is also looking at a phased implementation strategy.

Read more at 
The Financial Express

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