Central Bank Digital Currency (CBDC) is a sovereign digital form of money issued by central banks to complement physical cash and existing digital payment systems. It aims to enhance payment efficiency, financial inclusion, monetary sovereignty, and cross-border transactions while offering a safer alternative to private digital currencies. However, challenges related to cybersecurity, privacy, banking stability, and interoperability necessitate a cautious, phased, and well-regulated implementation supported by strong domestic and international coordination.
Click to View MoreStablecoins are cryptocurrencies pegged to assets like the dollar or gold to ensure price stability. They enable fast, low-cost global payments and support DeFi, but raise risks of financial instability and regulatory concerns.
Click to View MoreStablecoins are cryptocurrencies pegged to assets like the dollar or gold to ensure price stability. They enable fast, low-cost global payments and support DeFi, but raise risks of financial instability and regulatory concerns. India remains cautious, prioritizing UPI and Digital Rupee while debating stablecoin regulation amid growing global adoption.
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