When RBI Will Issue Digital Currency
Regarding whether the RBI is looking into issuing a central bank digital currency, Governor Das said on Thursday that “It is very early to speak on a central bank issuing digital currencies,” PTI further reported. “Some discussions are going on. Technology has not fully evolved yet. It is still in very incipient stage of discussions and at RBI we have examined it internally,” Das revealed, elaborating:
As and when the technology evolves with adequate safeguards, I think it is an area where the Reserve Bank will certainly look at seriously at an appropriate time.