CBDC has been “over-hyped” – former RBI deputy
Focus on retail CBDCs is a potential distraction from core central banking functions, says Sinha
The introduction of retail central bank digital currencies (CBDCs) could bring with them a slew of issues for central banks, according to Anand Sinha, former deputy governor of the Reserve Bank of India (RBI).
Sinha believes much of the talk about retail CBDCs is currently “overhyped” since hardly any central banks are looking to introduce retail CBDCs at present. The scenario from a medium- to long-term perspective though could be different as many are carrying out research, he adds.
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