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India’s digital currency will be introduced in a phased manner, RBI Forms Innovation Hub

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[ad_1] Reserve Bank India In its annual report released on Friday, May 27, it said it would take a “tiered approach” towards delivering Central bank digital currency. She said the design of a centralized digital currency should be in line with its monetary policy objectives, financial stability, efficient currency operations and payment systems. The RBI’s … Read more

Introduction to CBDC in a phased manner for the wholesale and retail sectors of business: Responsible

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[ad_1] implementation process Central bank digital currency (CBDC) in a phased manner for the wholesale and retail sectors in operation, official at the Reserve Bank of India recently said. Introduction of CBDC Announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman, the necessary amendments were made to the relevant section of the Reserve … Read more