Search For "digital rupee"
Updated : 1 month, 2 weeks ago IST
New Delhi [India], December 13 (ANI/PNN): India's quest to eradicate black money has been a long one considering the prominence of cash over digital currency and the gigantic population which previously believed in stashing cash under their mattresses. Will the advent of Central Bank Digital
Bringing efficiency in cross-border payments is another important motivation for introducing Central Bank Digital Currency in the wholesale segment.
Updated : 1 month, 4 weeks ago IST
The RBI on Thursday announced the launch of a digital rupee retail pilot for a closed user group.
The digital rupee would offer features of physical cash like trust, safety and settlement finality.
Updated : 2 months ago IST
According to a statement from RBI, the pilot would cover select locations in closed user group (CUG) comprising participating customers and merchants. The eRs-R would be in the form of a digital token that represents legal tender.
Updated : 3 months ago IST
RBI will launch a pilot in digital rupee for the wholesale segment on Tuesday.
Updated : 3 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], October 7 (ANI): The Reserve Bank of India (RBI) on Friday released a so-called 'concept note' on Central Bank Digital Currency (CBDC) with an objective to create awareness about the planned features of the digital rupee.
Updated : 11 months, 3 weeks ago IST
Mumbai (Maharashtra) [India], February 10 (ANI): Cryptocurrency is privately created and it is a very big threat to the country's macroeconomic and financial stability, RBI Governor Shaktikanta Das said on Thursday.
New Delhi [India], February 8 (ANI): Ever since Finance Minister Nirmala Sitharaman spoke about digital currencies in her Budget speech earlier this month, the curiosity about the matter has risen by leaps and bounds.
Updated : 12 months ago IST
New Delhi [India], February 4 (ANI): The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will not only give a boost to the digital economy but also help curb the menace of black money, a senior finance ministry official said.
New Delhi [India], February 2 (ANI): Cryptocurrencies like Bitcoin or Ethereum will never become a legal tender, Finance Secretary TV Somanathan told ANI adding only the digital rupee issued by the Reserve Bank of India (RBI) would be the legal tender.
New Delhi [India], February 2 (ANI): Prime Minister Narendra Modi on Wednesday said the digital Rupee will open up new opportunities for the Fintech sector and will give a big boost to the digital economy.