The Reserve Bank of India did not reply to ET’s emailed queries on the current development. China is testing a version of its digital yuan. This is aimed at paving the way for the eventual introduction of digital money by the country’s central bank. Last month, India said it will introduce theĬryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the ongoing Budget Session. These initiatives come at a time when some of the world’s largest economies, including China and India, are looking to introduce their own digital currency.
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