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Reserve Bank of India 'exploring the possibility' of a digital currency

Published 01/25/2021, 12:55 PM
Updated 01/25/2021, 02:40 PM
Reserve Bank of India 'exploring the possibility' of a digital currency

Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, and the bank’s position on digital assets is looking slightly more bullish.

According to a booklet on payments released today by the Reserve Bank of India, or RBI, the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency.” The bank added that if it found a need, it would look into ways to put digital currency into use.

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