India makes strides in CBDC use cases in 2024

Quick Summary:

While India has set no target date for a CBDC rollout, throughout 2024, the country explored its digital rupee extensively, bringing about numerous use cases that could help further grow its economy.

The post India makes strides in CBDC use cases in 2024 appeared first on CoinGeek.

However, the RBI has issued a word of caution this year, saying that while CBDCs can open up a world of new opportunities, they can also reduce bank deposits, affecting the credit-creating capacity of commercial banks.

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Article Details

Author / Journalist: Pradipta Mukherjee

Category: Crypto

Markets: CanadaBahamasIndiaJamaicaNigerNigeria

Topics: Central Bank Digital Currency Reserve Bank of India Finance Subhadra Yojana Raj Kapoor E-rupee Sharat Chandra Agriculture Digital Rupee Shaktikanta Das Rohan Sharan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-25 @ 06:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1142 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 24658648

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