02-01-2022 12:38 PM | Source: Reuters
India's Finance Minister says central bank to launch digital cryptocurrency
MUMBAI - India's finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.
"Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system," Nirmala Sitharaman said on Tuesday while presenting the federal budget.
India's central bank has voiced "serious concerns" around private cryptocurrencies on the grounds that these may cause financial instability.
Latest News
Revolutionary shift: FM Nirmala Sitharaman hails ris...
Quote Israel-Iran conflict by Dr. Manoranajan Sharma...
French PM outlines policies on national priorities
Record 22.98 lakh director KYC forms filed in first ...
Leverage India`s unmatched scale: Piyush Goyal tells...
'Job creation powerhouse': FM Nirmala Sitharaman cre...
NMIMS SBM, Mumbai Achieves Prestigious EQUIS Accredi...
Monthly presentation by SBI Funds Management Limited.
Quote on autosales number by Sagar Shetty, Research ...
Quote On Gold and Crude by Kaynat Chainwala, AVP-Com...
More News
News Not Found