New Delhi: The Center has said that India’s digital currency is coming soon. The Center has announced that the digital currency will be introduced on the first day of the winter session of Parliament. Despite rumors that the Reserve Bank of India is preparing for the digital currency, this is the first time the Center has confirmed this.
The Reserve Bank of India (RBI) had last month approached the Union Finance Ministry to amend the definition of ‘banknote’. The cryptocurrency bill will also be introduced in Parliament soon. A high-level meeting chaired by Prime Minister Narendra Modi had decided to regulate cryptocurrency. Based on this, a bill to regulate cryptocurrencies, including Bitcoin, will be introduced in Parliament.
English Summary: RBI working on digital rupee, government informs Parliament