- 'Digital currency will also make currency management more efficient and less expensive. As a result, it is proposed that the Reserve Bank of India issue a Digital Rupee beginning in 2022-23, based on blockchain and other technologies'
- CBDC is a digital or virtual currency, although it differs from the private virtual currencies and cryptocurrency that have exploded in popularity over the previous decade. Because there is no issuer, private virtual currencies do not represent anyone's debt or liabilities.
Read More: What is a digital currency with example?
