Wednesday, November 30, 2022

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Central Bank Digital Currency (CBDC)

Digital Rupee: RBI’s Central Bank Digital Currency (CBDC)

The Central Bank Digital Currency of the Reserve Bank of India can be referred to as the electronic form of the rupee i.e The Digital Rupee, and is exchangeable one-to-one at par with the fiat currency.

The future of money

If all the private crypto currencies will be taxed at such a high rate in India, it would simply push them underground, into the domain of illegal trade and dark web.

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