«Rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies,» it said, explaining the rationale behind setting up the study group. (techcircle.vccircle.com)
Interestingly, the RBI isn't nailing the coffin shut on cryptocurrencies entirely: it's actually looking into creating its own fiat digital currency, which it hopes to circulate alongside paper currency. (thenextweb.com)
Rapid changes in the landscape of the payments industry along with factors such as emergence of private digital tokens and the rising costs of managing fiat paper / metallic money have led central banks around the world to explore the option of introducing fiat digital currencies. (rbi.org.in)