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Digital Rupee With Blockchain From RBI Coming Up

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  • February 01, 2022
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New Delhi: 

In a big boost to the economy, digital rupee – using blockchain and other technologies – will be introduced by the central bank in 2022-23, Finance Minister Nirmala Sitharaman said today as she presented her fourth budget.

“The introduction of central bank digital currency will give a big boost to the digital economy. Digital currency will also be a more cheaper and efficient currency management system,” Ms Sitharaman said today.

“It is therefore proposed to introduce digital rupee – using blockchain and other technologies – to be issued by the Reserve Bank of India, starting 2022-23,” she underlined.

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