The Reserve Bank of India said in its annual report, published Friday, May 27, that it would follow the path of a step-by-step approach to launching the Central bank’s digital currency. She said the design of the core digital coin needs to be in line with its monetary policy, financial stability, and the goals of efficient operation of currencies and payment systems.
The Reserve Bank is working on the Central Bank Digital Currency (CBDC) in India. The design of the CBDC has the defined objectives of monetary policy, financial stability, and efficient operation of the currency and payment system. Must be consistent with, reads the annual report 2022 on the work of the Reserve Bank of India.
The Reserve Bank is promising a step-by-step approach to adopting the CBDC, stepping through the proof-of-concept, piloting, and commercialization steps, RBI added to its annual report. A proof of concept is an exercise that focuses on determining if an idea can be realized and ensuring it works as intended.
The Reserve Bank of India said in its annual report, published Friday, May 27, that it would follow the path of a step-by-step approach to launching the Central bank’s digital currency. She said the design of the core digital coin needs to be in line with its monetary policy, financial stability, and the goals of efficient operation of currencies and payment systems.
The Reserve Bank is working on the Central Bank Digital Currency (CBDC) in India. The design of the CBDC has the defined objectives of monetary policy, financial stability, and efficient operation of the currency and payment system. Must be consistent with, reads the annual report 2022 on the work of the Reserve Bank of India.
The Reserve Bank is promising a step-by-step approach to adopting the CBDC, stepping through the proof-of-concept, piloting, and commercialization steps, RBI added to its annual report. A proof of concept is an exercise that focuses on determining if an idea can be realized and ensuring it works as intended.
