The Reserve Bank of India is working toward a “phased implementation strategy” of a Central Bank Digital Currency (CBDC), RBI deputy governor T Rabi Sankar said on Thursday. A pilot to test a general purpose digital currency is a possibility in the near future, he said. “Every idea has to wait for its time. Perhaps … Read more
New Delhi: The RBI is working on phased introduction of its own digital currency and is mulling pilot projects in wholesale and retail segments in the near future, Deputy Governor T Rabi Sankar said on Thursday. He also said several countries have implemented specific purpose Central Bank Digital Currencies (CBDCs) in the wholesale and retail … Read more
With the Covid-19 pandemic, we have yet another crisis on our hands that appears never-ending, obfuscating any clear thinking on fundamental questions: what kind of society do we want to rebuild after the pandemic? How will benefits and burdens be distributed in such a society? Source link