Recent technological advances have ushered in a wave of new private-sector financial products and services, including digital wallets, mobile payment apps, and new digital assets like cryptocurrency. These technological advances have also led central banks across the globe to reanalyse the role of money in the digital age.
According to BIS, nearly 90 countries are planning for Central Bank Digital Currency (CBDC). The Union budget 2022-23 announced that India will also launch its digital rupee in the next financial...
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