The equivalent of the paper banknotes that are printed by central banks like the RBI, the digital rupee can be exchanged for cash. The CBDC, which will perform the same function as banknotes but is not a decentralized asset like cryptocurrencies, will continue to be issued by the RBI. Digital rupee: On Tuesday, November 1, …
A new paradigm is Central Bank Digital Currency (CBDC).
Through Michael Siddhi
posted at 2:37 p.m. Nov 02, 2022. Himalayan Times
Today, value of almost any kind is defined, quantified and regulated by centralized organization. KATHMANDU, NOVEMBER 2 Imagine the Central Bank’s new monetary tool kit if they were enabled to issue a programmable money which can only be used for the intended purpose or are equipped with digital money that has an expiry date. Or …