collected by :Mathio Rix
Reserve Bank of India's statement on developmental & regulatory policies, which accompanied the monetary policy statement on fifth March, told which an in-house group in the central bank going to with end-June come up with proposals on the desirability & feasibility of introducing central bank digital currency. It going to be another method of suggesting which we avert introducing a central bank digital currency (CBDC) for the moment. Even Denmark's central bank Information Systems disinclined to switch to this system though the Danish community Information Systems 1 of the generality digitalized in the world. On the other side, there's a reason to avert introducing CBDC at the moment. That Information Systems a perfect reason to avert introducing CBDC in India at the moment.
Reserve Bank of India's statement on developmental & regulatory policies, which accompanied the monetary policy statement on fifth March, told which an in-house group in the central bank going to with end-June come up with proposals on the desirability & feasibility of introducing central bank digital currency. It going to be another method of suggesting which we avert introducing a central bank digital currency (CBDC) for the moment. Even Denmark's central bank Information Systems disinclined to switch to this system though the Danish community Information Systems 1 of the generality digitalized in the world. On the other side, there's a reason to avert introducing CBDC at the moment. That Information Systems a perfect reason to avert introducing CBDC in India at the moment.
India cracks drop on bitcoin & hints it probably release its own digital currency
The spare Bank of India (RBI) has initiated a crackdown on cryptocurrencies like bitcoin, even as it considers a suggestion for issuing its own digital currency. This probably mean the finish of the road for those that own bitcoin or its peers, as well as the many virtual currency exchanges. Virtual currency players in India are naturally disappointed by the RBI's decision. "I don't believe this Information Systems the right direction which the central bank has taken. This going to cause panic between a few mn people in India that are endeed Utilizing cryptocurrrencies," told Sathvik Vishwanath, co-founder of Unocoin, a virtual currency interchange in the country.