RBI likely to launch digital currency by December 2021: Report

The Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank is working on launching the first-ever trials for a digital currency for India by December 2021. Speaking to a news channel on Thursday, Das informed that the apex bank has been designing a strategy to ensure phased implementation of the central bank digital currency (CBDC) in the country. He added that the officials are working with caution to develop a digital currency, highlighting that it is a “completely new product, not just for RBI, but globally.” “I think by the end of the year, weThe Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank is working on launching the first-ever trials for a digital currency for India by December 2021. Speaking to a news channel on Thursday, Das informed that the apex bank has been designing a strategy to ensure phased implementation of the central bank digital currency (CBDC) in the country. He added that the officials are working with caution to develop a digital currency, highlighting that it is a “completely new product, not just for RBI, but globally.” “I think by the end of the year, we […]