 "RBI, Reserve Bank of India")
On Monday, finance minister Nirmala Sitharaman announced in Parliament that the Centre had not received any proposal to recognise bitcoin as a currency in India. Additionally, she said that the Reserve Bank of India had recommended widening the definition of “bank notes” to include central bank digital currency (CBDC).
While the cryptocurrency bill is awaited, analysis shows that India is not the only major economy developing a central bank digital currency.
Data from Atlantic Council’s database shows
