How does the Reserve Bank of India plan to launch its CBDC in December?

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• Jan 12, 2022 · 3 years ago
  The Reserve Bank of India (RBI) has recently announced its plan to launch a Central Bank Digital Currency (CBDC) in December. This move is in line with the global trend of central banks exploring digital currencies as a means to enhance financial systems. The RBI's plan involves developing a digital version of the Indian Rupee that will be issued and regulated by the central bank. The CBDC will be accessible to the public through various digital platforms, providing a secure and efficient alternative to traditional payment methods. The RBI is also considering the potential impact of the CBDC on financial stability, monetary policy, and consumer protection. Overall, the launch of the CBDC by the Reserve Bank of India is expected to bring about a digital transformation in the Indian economy.
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