Most central banks exploring CBDCs: RBI
The Reserve Bank of India, citing a survey by Bank of International Settlement (BIS), said that most central banks are exploring Central Bank Digital Currency (CBDC) which is a blockchain-based settlement system for fiat currencies against the tra...
By ET Bureau |
Agencies
The Reserve Bank of India, citing a survey by Bank of International Settlement (BIS), said that most central banks are exploring Central Bank Digital Currency (CBDC) which is a blockchain-based settlement system for fiat currencies against the traditional currency-based system. RBI added that some central banks may launch their CBDC within the next three years for retail purposes.
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