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India Should Adopt Basic Model For Central Bank Digital Currency: RBI
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RBI has said that a basic model for central bank digital currency should be adopted initially
Reserve Bank of India (RBI) has said that the country needs to initially adopt a basic model of central bank digital currency (CBDC) and use the payment system architecture as a backbone to make a state-of-the-art system.
In its basic form, a CBDC provides a safe, robust, and convenient alternative to physical cash. Depending on various design choices, it can also assume the complex form of a financial
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