{"id":35389,"date":"2021-01-26T19:20:47","date_gmt":"2021-01-26T17:20:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35389"},"modified":"2025-08-29T01:05:43","modified_gmt":"2025-08-28T22:05:43","slug":"india-weighs-launch-of-its-own-digital-currency","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/india-weighs-launch-of-its-own-digital-currency\/","title":{"rendered":"India weighs launch of its own digital currency"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) has begun studying the potential of the digital rupee, according to a report on the country&#8217;s payment systems.<!--more--><\/p>\n<p>Regulator experts acknowledged the growing popularity of cryptocurrencies. However, authorities remain sceptical of new assets. The RBI noted a CAGR of 12.5% in digital payments.<\/p>\n<p>Overall, the RBI is not opposed to a central bank digital currency (CBDC), but is not rushing to launch one. The regulator is interested in the viability of such a move and its potential, the report says.<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View Pssbooklet93d3aefdeaf14044bc1bb36662c41a8c.pdf on Scribd\" href=\"https:\/\/www.scribd.com\/document\/492182587\/Pssbooklet93d3aefdeaf14044bc1bb36662c41a8c-pdf#from_embed\">Pssbooklet93d3aefdeaf14044bc1bb36662c41a8c.pdf<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_92869\" class=\"scribd_iframe_embed\" title=\"Pssbooklet93d3aefdeaf14044bc1bb36662c41a8c.pdf\" src=\"https:\/\/www.scribd.com\/embeds\/492182587\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-kr5AuW8wc00Ia5g1Plff\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7044566067240031\"><\/iframe><\/p>\n<p>In 2018, India barred banks and financial institutions from providing services to companies dealing with cryptocurrencies. In March last year, the Supreme Court lifted the ban.<\/p>\n<p>In December 2020, the Central Bureau of Economic Intelligence of India proposed <a href=\"https:\/\/u1f987.com\/en\/news\/indian-regulator-proposes-18-tax-on-bitcoin-trading\">to tax cryptocurrency trading<\/a> at a rate of 18%.<\/p>\n<p>Follow ForkLog on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) has begun studying the potential of the digital rupee, according to a report on the country&#8217;s payment systems.<\/p>\n","protected":false},"author":1,"featured_media":35390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,278],"class_list":["post-35389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-india"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=35389"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35389\/revisions"}],"predecessor-version":[{"id":35391,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/35389\/revisions\/35391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/35390"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=35389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=35389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=35389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}