RBI exploring possibility of launching digital currency
In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks, says RBI
BusinessToday.In | January 27, 2021 | Updated 13:56 IST
RBI says growth of retail payments has been provided by NEFT and NPCI
The RBI is exploring possibility of launching a digital version of rupee, the central bank has said. Private digital currencies (PDCs)/virtual currencies (VCs)/crypto currencies (CCs) have gained popularity in recent years, the RBI in its report, Payment and Settlement System in India, has said.
The report highlights steps taken by the Reserve Bank of India (RBI), which have transformed India into a country riding high in the evolution of digital payments. In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks, the RBI said.