• India is considering a phased roll-out of a central bank digital currency

    4 days ago - By Business Insider

    Reserve Bank of India in Mumbai, India.
    AP Photo/Rafiq Maqbool
    The Reserve Bank of India on Thursday said it is considering a "phased" rollout of a central bank digital currency.
    Deputy Governor T. Rabi Sankar said a CBDC will protect citizens from the volatility of cryptocurrencies, Bloomberg reported.
    But Sankar added that a launch will need to overcome some legal hurdles first.
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    The Reserve Bank of India on Thursday said it is considering a "phased" rollout of a central bank digital currency. Deputy Governor T. Rabi...
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