Tag: digital currency

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The development of central bank digital currency (CBDC) although offers major advantages as a reliable digital currency but there are many associated concerns that must be addressed. Critically examine.

Topic:  Achievements of Indians in science & technology; indigenization of technology and developing new technology. 6. The development of central bank digital currency (CBDC) although offers major advantages as a reliable digital currency but there are many associated concerns that must be addressed. Critically examine. Difficulty level: Moderate Reference: Indian Express , Insights on India Why …

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What is tokenisation and why has RBI issued new guidelines?

GS Paper 3: Topics Covered: Inclusive growth and issues arising out of it.   Context: The Reserve Bank of India has extended the implementation date of card-on-file (CoF) tokenisation norms by six months to June 30, 2022. As per new guidelines, online players will have to delete any credit and debit card data stored on …

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e-RUPI has the potential to achieve financial inclusion and bridge digital divide in India. Write about the benefits of e-RUPI and analyse if it is the first step towards the adoption of digital currency in India.

Topic: Inclusive growth and issues arising from it. 5. e-RUPI has the potential to achieve financial inclusion and bridge digital divide in India. Write about the benefits of e-RUPI and analyse if it is the first step towards the adoption of digital currency in India. (250 words) Difficulty level: Moderate Reference: Live Mint Why the …

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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 …

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Insights into Editorial: Money changer: On need for an official digital currency

    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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