Speaking to reporters at the end of the Reserve Bank’s bi-monthly monetary policy meeting today, RBI Deputy Governor BPKanungo said that a key RBI panel was actively studying the issue of digital currency and that the results on the digital currency would be announced soon.
Before the presentation of the budget report, the Tamil Gurudwaras website had predicted that the Reserve Bank and the Central Ministry of Finance were working together to create a digital currency in rupees value, which could be announced in the budget report for the fiscal year 2021-22, which was postponed to February 1.
The new digital currency
But while it is a major disappointment that most of what was expected in the budget report did not happen, Reserve Bank Deputy Governor BPKanungo confirmed today that the Reserve Bank is committed to the task of creating a currency. digital.
The federal government has decided to ban the so-called leading cryptocurrency in India, digital currency, as it realizes the insecurity of private cryptocurrency in India and its use for many scams. Meanwhile, he has decided to create a new digital currency in Indian rupees instead of the private cryptocurrency.
RBI’s Shaktikant Das also mentioned digital currency in their Digital Payment study. Therefore, India is creating a new digital currency to compete with the rest of the world.
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