It RBI Deputy Governor BP Kanungo has said that the digital currency will be issued by the central bank. It has the ability to improve the efficiency of the financial system and its inclusiveness. Explaining that its technical innovations include cryptocurrencies and it is blockchain.
The Reserve Bank of India has said on Thursday that the central bank is considering introducing digital currency. They also have the promise of reducing the cost of print notes quoted by the blogger Quint. This central bank's liability is considered as they will be in additional circulation of paper currency.
