RBI-backed CBDC likely to feature in crypto bill: official
economictimes.indiatimes.comNew Delhi: The proposal for a central bank digital currency (CBDC) backed by the country’s banking regulator may be included in the upcoming bill to regulate cryptocurrency, a top government official told ET.
Terming the Centre’s bill as a response to the central bank’s concerns about macro-economic stability, the official in the know of discussions on the upcoming legislation said the “government’s response is not to ban cryptocurrencies but rather to provide cryptocurrency via the RBI.” The Bill, slated to come up in the winter session of Parliament beginning on Monday, aims to also ensure that the Reserve Bank of India (RBI) does not lose control of the country’s monetary economics while minimising speculative betting around cryptos, the
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