Reserve Bank of India 'exploring the possibility' of a digital currency
Cointelegraph
Published Jan 25, 2021 12:55PM ET
Updated Jan 25, 2021 02:40PM ET
Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, and the bank’s position on digital assets is looking slightly more bullish.
According to a booklet on payments released today by the Reserve Bank of India, or RBI, the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency.” The bank added that if it found a need, it would look into ways to put digital currency into use.
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Written By: Cointelegraph
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