Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

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The post Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI appeared first on CoinGeek.

The DICGC ensures all types of bank deposits, such as savings, fixed, current, and recurring.

The major advantages of CBDCs are the finality of transactions—settlement risks are eliminated as there is no bank intermediation—and real-time and cost-effective globalization of payment systems.

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Author / Journalist: Pradipta Mukherjee

Category: Crypto

Markets: CanadaIndia

Topics: Deposit Insurance and Credit Guarantee Corporation Central Bank Digital Currency International Association of Deposit Insurers Asia Pacific Regional Committee Michael Debabrata Patra Business Reserve Bank of India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 07:00:01 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 704 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 38 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 22171740

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