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RBI wants digital currency included under definition of 'bank note': FinMin

RBI is working out a phased implementation strategy for introduction of Central Bank Digital Currency with little or no disruption

Topics
Reserve Bank of India | digital currency | cryptocurrency

BS Web Team  |  New Delhi 



RBI, Reserve Bank of India
Photo: Shutterstock

The Ministry of Finance informed the on Monday that it has received a proposal from in October for an amendment to the RBI Act, 1934 to enhance the scope of the definition of ‘bank note’ to include currency in digital form.

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First Published: Mon, November 29 2021. 13:31 IST

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