Sentences with phrase «fiat digital currencies»

«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.

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.

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.

«Rapid changes in the landscape of the payments industry along with factors such as [the] 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,» the central bank explained, adding:

RBI's interest in their own cryptocurrency is due to the «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,» which they cite as the impetus for central banks around the world to introduce «fiat digital currencies.»

«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,» the central bank explained, adding:

These «have led central banks around the world to explore the option of introducing fiat digital currencies,» Mr. Kattoor explains.

«Several central banks are debating the possibility of introducing a fiat digital currency.

The mandate further discussed that the government had constituted an interdepartmental committee that will submit a report on the feasibility of a fiat digital currency.