“Earlier this year, the Indian Supreme Court overturned the central bank’s decision to ban cryptocurrency in the country. The Reserve Bank of India (RBI) continues to be averse to accepting crypto-assets and private digital currency. However, there is one idea that seems to be gaining ground in terms of digital money: introducing a central-bank digital currency (CBDC). Last year, the RBI had hinted that it was exploring the issuance of CBDC, which is a cryptocurrency or a digital payment token issued by the central bank of a country and can take either a retail or wholesale form …” (more)
[Poornima Advani, Oxford Business Law Blog, 18 January]
First posted 2021-01-18 08:10:37
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