What is central bank digital currency (CBDC)? How does it work? CBDC is slowly gaining momentum and acceptance across the world. Discuss its potential benefits and challenges in India.

Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 5. What is central bank digital currency (CBDC)? How does it work? CBDC is slowly gaining momentum and acceptance across the world. Discuss its potential benefits and challenges in India. (250 words) Difficulty level: Moderate Reference: Live Mint Why the …

Insights into Editorial: Sovereign digicoin: a road map for RBI

    Insights into Editorial: Sovereign digicoin: a road map for RBI   Summary: Given the social cost of cash payment, and privately issued bitcoins’ challenge for “trust,” the argument for central bank’s digital currency seems natural. In fact, several central banks have already changed their operations, or started developing digital currencies in coordination with …