Indian government directs RBI to issue CBDC
Central bank told to prepare to issue the digital currency in 2022 and 2023
The Indian government directed the Reserve Bank of India to begin developing a central bank digital currency (CBDC) today (February 1), as part of a package of budgetary measures unveiled by finance minister Nirmala Sitharaman.
“Introduction of a central bank digital currency will give a big boost to the digital economy,” Sitharaman said in remarks to parliament. “Digital currency will also lead to a more efficient and cheaper currency management system.”
The government proposes that a
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