India's central bank, Reserve Bank of India, is experimenting with offline capabilities for digital currency (CBDC).
India's central bank is working to develop offline capabilities for its digital currency, according to Governor Shaktikanta Das. The Reserve Bank of India is experimenting with a digital currency backed by a central bank, aiming to make CBDC transferable in offline mode. CBDCs can drive financial inclusion and provide a safer alternative to potentially dangerous private digital currencies, Das said.
May 06, 2024
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