Central Bank Digital Currency, CBDC digital rupee would give a ‘big boost to the digital economy. Finance Minister had indicated that technologies such as blockchain would be used by the Reserve Bank of India to issue the currency, starting 2022-23. The Reserve Bank had, in July 2021, indicated that it would soon begin work on the ‘phased implementation’ of the CBDC. Digital Rupee or Digital Mudra will change the entire scenario of the Indian economy. It will reduce the heavy transaction cost & available 24×7 globally. Apart from that it…
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