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Central Bank Digital Currency pilot in the retail segment has components backed by blockchain technology and has several common features with physical cash, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday.
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Bringing efficiency in cross-border payments is another important motivation for introducing Central Bank Digital Currency in the wholesale segment, Union minister of state for finance Pankaj Chaudhary informed Lok Sabha on Monday.
The United Kingdom HM treasury aims to establish a safe regulatory environment for stablecoins. The FSM Bill plans to regulate crypto assets.
A Digital Rupee flowing across a Digital Payment system is part of Indonesia’s 2023 key economic plans, says the newly released report.