by AIP Online Bureau | Feb 6, 2022 | Eco/Invest/Demography, Indian News, Technology
”In the case of a digital rupee instead of holding a note you will be holding a digital currency in your phone and it would be with the central bank and from there it would be transferred to any merchant. It is fully backed by the sovereign,” the source...
by AIP Online Bureau | Feb 1, 2022 | Banking & Bancassurance, Indian News, Policy, Technology
The currency, called ‘digital rupee’, will be issued by the Reserve Bank in digital form and will be fungible with physical currency. The exact regulation governing this Central Bank Digital Currency (CBDC) is yet to be finalised New Delhi: Finance...
by AIP Online Bureau | Dec 8, 2021 | Eco/Invest/Demography, Indian News, Regulation, Technology
“Main concern comes from the angle of cybersecurity and possibility of digital frauds. We have to be very careful about that,” said RBI governor Das Mumbai: As the RBI moves ahead for the launch of the central bank digital currency (CBDC), Governor...
by AIP Online Bureau | Nov 23, 2021 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
Through the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, India is also looking to make a framework for the official digital currency that will be issued by the Reserve Bank of India. MUMBAI: India is looking to bar most private...
by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Regulation, Technology
MUMBAI: The Reserve Bank of India’s digital currency may see its pilot launch in the first quarter of the next fiscal year, a senior central bank officer said at the State Bank of India’s Banking and Economic Conclave as reported by a local newspaper....
