Friday, July 23, 2021

RBI is working on making virtual currency a reality

A CBDC is a form of virtual currency or cryptocurrency that is issued by a central bank as an alternative to its currency. These are largely stable coins backed by sovereign reserves and, unlike private crypto assets like Bitcoin or Ethereum, the value of these digital coins is not subject to volatile market fluctuations.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3wVZYwE

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