RBI to consider launching digital currency


The Reserve Bank of India is to investigate the possibility of issuing a central bank digital currency, work that comes alongside measures to separate the banking sector from private crypto tokens.

Deputy governor BP Kanungo unveiled the plans at the RBI’s monetary policy press conference today (April 5), saying a working group will be formed to assess the “feasibility and desirability” of issuing a central bank digital currency.

Though he gave only scant details of the plans, Kanungo

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: