The central bank has beenscepticalandvocally againstprivate cryptocurrencies like Bitcoin and Ethereum because of the lack of ability of the central bank to track or control such currencies and the risks they pose to financial stability. RBI instead wants to promote the digital rupee, which it is...
The Reserve Bank of India introduced the CBDC, e-rupee, in pilot mode in2022.The currency is in the form of a digital token, not unlike cryptocurrency. However, it is centralised and regulated by the Central Bank. The RBI called it a legal tender. Currently, 13 banks offer CBDC through ...