Budget: RBI to launch Central Bank Digital Currency in FY231 min read . Updated: 01 Feb 2022, 12:53 PM IST
- The introduction of the CBDC will give a big boost to India’s digital economy and also lead to a more efficient and cheaper currency management system, finance minister Nirmala Sitharaman said
The Reserve Bank of India (RBI) will introduce the Central Bank Digital Currency (CBDC) as India’s official digital rupee in 2022-23, finance minister Nirmala Sitharaman announced in the Union Budget for 2022-23. The announcement comes after months of speculations around the introduction of a blockchain-based official digital currency of India.
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