India's Central Bank Outline Digital Rupee Known as CBDC

Last updated: 08 November 2022
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This document outlines India's Central Bank Digital Currency (CBDC), referred to as the Digital Rupee. It explains what CBDC is, differentiating it from cryptocurrencies and detailing its nature as a digital fiat currency. The document also explores the objectives behind issuing CBDC, such as mitigating risks and costs associated with physical currency, and discusses potential challenges like financial disintermediation. It further compares CBDC with existing payment systems like mobile wallets and presents a way forward for its implementation in India.

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NDIA’S CENTRAL BANK OUTLINES DIGITAL RUPEE KNOWN AS CBDC #pdf
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Submitted by · Posted 08 November 2022 · Other files by CA Sumat Singhal · Report
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