Friday, July 30, 2021

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

Thursday, July 22, 2021, 20:45
This news item was posted in Business category and has 0 Comments so far.

A CBDC is a form of virtual currency that is issued by a central bank as an alternative to cash. Unlike cryptocurrencies, CBDCs are backed by the sovereign reserves of nation states and are thus not subject to the same volatility.

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