The Reserve Bank of India has announced that for now, the basic version of the Digital Central Bank Currency (CBDC) should be used.
Proposing to use a basic version of CBDCs before issuing a more detailed version, the Reserve Bank of India thinks it will be a safe and convenient alternative to cash. This basic CBDC provides users with scalability, liquidity, faster payment and anonymity It is said to provide convenience.
The Reserve Bank of India’s long standing ‘private cryptocurrencies’ within the bill he created on prohibiting the use of digital money by people will expand There is said to be a law. However, the Indian parliament is the main issue at the moment. budget He postponed the bill to an unspecified time, saying that
In the report published by the Reserve Bank of India, the questions about who will produce the CBDCs;
CBDCs directly. by the central bank or is it local banks It is necessary to make the right decision about whether to remove it through.
placed in the form.
A comprehensive ban by the government of the Reserve Bank of India, which is known to want cryptocurrencies will regulate but only use as payment It is said that he is seeking a compromise despite his opinion that he will ban it.