Indian Finance Minister Nirmala Sitharaman announced in her budget speech earlier this year that the RBI planned to issue a digital rupee.
The Reserve Bank of India said in its annual report released on Friday that it was taking a “graded approach” toward the introduction of a Central Bank Digital Currency,“The Reserve Bank is engaged in the introduction of a central bank digital currency in India.
“The Reserve Bank proposes to adopt a graded approach to introduction of CBDC, going step by step through stages of Proof of Concept, pilots and the launch,” The RBI said in the report. “Accordingly, the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination,” the report added.
Indian Finance Minister Nirmala Sitharaman announced in her budget speech earlier this year that the RBI planned to issue a digital rupee, according to
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biggest Movers: DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses – Market Updates Bitcoin NewsDOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option.
Read more »
CoinMarketCap News, May 27: Saylor Warns It's 'Foolish' to Try and Time the Market | CoinMarketCapDay two of CoinMarketCap's The Capital conference begins soon! 💥 Here's a roundup of all the biggest news stories from day one 📰
Read more »
WSJ News Exclusive | Baby-Formula Ingredient Supplies Are Limited by War in UkraineEfforts to solve the U.S. infant-formula shortage have hit a new obstacle: Russia’s blockade of Ukrainian ports has largely choked off exports of sunflower oil, a key ingredient.
Read more »
‘Biggest fake news story in Canada’: Kamloops indigenous mass grave debunkedSince last year’s announcement of mass graves of over 200 indigenous children, there have been no excavations at Kamloops nor any dates set for any such work to commence. Nothing has been taken out…
Read more »