Source: TOI Subject: Economics/Government scheme Context: The Government of India is set to launch a pilot program for Central Bank Digital Currency (CBDC), also termed Digital Food Currency, in February 2026. This initiative targets beneficiaries in Chandigarh, Puducherry, and three districts of Gujarat (Anand, Sabarmati, and Dahod) to streamline the world’s largest free food security …
Source: LM Context: RBI announced that customers will soon be able to use QR codes of the Unified Payment Interface (UPI) network for transactions using digital currency. Advantages: The interoperability of QR codes will facilitate more transactions using central bank digital currency (CBDC). Previously, merchants had to go through a separate onboarding process …
Context: The Reserve Bank of India (RBI) recently said that it has been working towards a phased implementation strategy central bank digital currency (CBDC). While the move has been welcomed by industry stakeholders, a few statements made by RBI have stoked concerns regarding the future of virtual currencies (VCs) such as bitcoin, ether …
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