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In the recent past, worldwide interest in cryptocurrency has risen. A recent survey says 86% of the central banks across the world are actively researching cryptocurrency while 60% are engaged in CBDC. Against this backdrop, the Reserve Bank of India (RBI) discussed its “phased implementation strategy” of a Central Bank Digital Currency (CBDC).
Central Bank Digital Currency (CBDC)
What is Currency chest?
Currency in India is managed by Currency chest. Currency chest is a place where the Reserve Bank of India (RBI) stocks the money meant for banks and ATMs. These chests are usually situated on the premises of different banks but administrated by the RBI.
Why India needs a digital rupee?
Why is CBDC preferred over Cryptocurrency?
Features of CBDC
Key benefits offered
Issues involved with CBDC
By: VISHAL GOYAL ProfileResourcesReport error
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