Everything You Should Know About the Digital Rupee
What exactly is Digital Rupee? A “legal tender” issued in digital form by a central bank, according to the Reserve Bank of India, is CBDC. It is comparable to fiat money and may be exchanged “one for one” for fiat money. This “Digital Rupee,” also known as the “e-Rupee,” will function as a national currency and […]
RBI Digital Lending Norms
The Reserve Bank of India (RBI) has proposed new norms and asked the government to frame a new legislation to curb illegal digital lending in the country. The proposals come after a panel set up by the regulator found that there are 1,100 loan apps in various app stores, of which 600 are illegal. Digital lending in India is […]