Retail Digital Rupee Pilot Set To Launch Today. Read Details Here

Digital rupee or central bank digital currency (CBDC) is the same as fiat currency, i.e., sovereign currency The difference between CBDCs and private virtual currencies is that the latter is not backed by any assets CBDCs help avoid damaging consequences of private currencies, according to the RBI Digital rupee would appear as a liability on RBI's balance sheet, which means it will be a part of currency in circulation CBDCs sco...