RBI Weighing The 'Pros And Cons' Of Introducing A Digital Currency
NDTV
RBI said it is looking at pros and cons of introduction of a digital rupee in the country and it will adopt a graded approach.
The Reserve Bank of India said on Friday that it is looking at the pros and cons of introducing a virtual currency in the country. It will adopt a graded approach for launching the central bank's digital currency.
Finance minister Nirmala Sitharaman while presenting the Budget 2022-23, had announced that the central bank would launch an Indian digital currency.
The introduction of CBDC (Central Bank Digital Currency) was announced in the Union Budget 2022-23. An appropriate amendment to the RBI Act, 1934 has been included in the Finance Bill, 2022, RBI said in its annual report for 2021-22 released on Friday.
The Finance Bill, 2022, has been enacted, providing a legal framework for the launch of CBDC.
