CENTRAL BANK DIGITAL CURRENCY PROPOSED IN INDIA

Highlights:

• National Institute for Smart Government (NISG) has proposed digital rupees.
• A Central Bank Digital Rupee (CBDR) will run on permissioned blockchain.
• Reserve Bank of India (RBI) had banned the use of cryptocurrencies in 2018, however, the Supreme Court is now hearing it further.

In 2018, the Reserve Bank of India (RBI) has banned the trading of Cryptocurrenci....