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VOL. 8, ISSUE 6 (2022)
A study on impact of digital currency (CBDC) on Indian economy
Authors
Ganesh S Hosapeti, Pradeep Ritti
Abstract
The Digital currency refers to digital money or electronic money as form. it is also known as cyber cast digital money, electronic money as electric currency. Recently in budget 2022, finance minister Mrs. Nirmala sitaraman officially announced digital currency (digital rupee), the digital rupee is based on block chain being developed by the Reserve Bank of India. Digital currency will also lead to more efficient and cheaper currency will also lead to more efficient and cheaper currency management system. it is proposed to introduce digital rupee using block chain and other technology to be issued by RBI starting from 2022 Now India is working to adopt a digital currency soon out digital rupee is different from the many crypto currency, CBDC is legal tender by RBI to boost Indian digital economy presented by union minister Mrs. Nirmla sitaraman Digital rupee is to take some aspirations from crypto currency like bitcoin but with the regulation of the central bank, digital rupee or CBDC will work using block chain technology and other.
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Pages:29-30
How to cite this article:
Ganesh S Hosapeti, Pradeep Ritti "A study on impact of digital currency (CBDC) on Indian economy". International Journal of Commerce and Management Research, Vol 8, Issue 6, 2022, Pages 29-30
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