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RBI Contemplates “Central Bank Digital Currency” But Bans FIs From Dealing With Crypto

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Rbi contemplates “central bank digital currency” but bans fis from dealing with crypto

RBI Contemplates “Central Bank Digital Currency” But Bans FIs From Dealing With Crypto

The Reserve Bank of India (RBI) said on Thursday that it is considering the introduction of a “central bank digital currency,” stating that technological innovations, including cryptocurrencies and blockchain, have the potential to improve the efficiency and inclusiveness of the financial system. The RBI said in a statement: “While many central banks are still engaged […]

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Rbi contemplates “central bank digital currency” but bans fis from dealing with crypto

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