Cryptocurrency vs CBDC Subject :Economy Section: Banking Context: Phased implementation of CBDC for wholesale, retail segments in the works, says RBI ED Choudhary Cryptocurrency vs CBDC: Basis Cryptocurrency  Central Bank Digital Currency Meaning  Digital token issued  by a private institution or firm. Central bank digital currencies are digital tokens, similar to cryptocurrency but […]

    Cryptocurrency vs CBDC Subject: Economy Why in the news? Deputy Governor of the RBI called cryptos worse than a Ponzi scheme and argued against “legitimizing” them. Yet, the RBI announced that it will float a Central Bank Digital Currency (CBDC). Differences: Basis Cryptocurrency Central Bank Digital Currency Meaning Digital token issued  by a […]