India to consider issuing its own digital currency
The Reserve Bank of India (RBI) has started exploring the potential of the digital rupee, according to a report on the country’s payment systems. The regulator’s experts acknowledged the growing popularity of cryptocurrencies. However, they said authorities remain sceptical about the new assets. RBI noted an average annual growth rate of 12.5% for digital payments. In general, the Reserve Bank of India is not against central bank digital currency (CBDC), but is in no hurry to issue it either. The regulator is interested in the feasibility of launching and the potential of such a solution, according to the report. Pssbooklet93d3aefdeaf14044bc1bb36662c41a8c.pdf … Continue reading India to consider issuing its own digital currency