Friday, 24 March, 2023

RBI to launch two types of digital currency

<p>The RBI is working on two types of CBDC: wholesale-based CBDC and retail-based CBDC, with the intention of releasing whichever is finished first. T Rabi Sankar, RBI&#39;s Deputy Governor, stated that while wholesale CBDC has received a lot of attention, retail CBDC is more complicated and will take a longer time to release. CBDC&#39;s main concern, according to RBI Governor Shaktikanta Das, is cybersecurity and the possibility of digital fraud.<br /> &nbsp;</p>