Finance

RBI to introduce digital rupee in India, says Nirmala Sitharaman

A file photo of Reserve Bank of India,

New Delhi: Finance Minister of India Nirmala Sitharaman on Tuesday morning said that the Reserve Bank of India will issue a digital rupee soon.

The digital currency by RBI will be based on blockchain technology the tech behind Bitcoin and other popular cyrptocurrencies.

Digital rupee will be issued by 2022-23, Sitharaman said, without providing any clarity on the future of Bitcoin and other crypto tokens.

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