An Overview of Central Bank Digital Currencies Launched By RBI

Original Study

Open Access

Peer-reviewed

An Overview of Central Bank Digital Currencies Launched By RBI

Shyamal Vyas , Dr Rupal N Patel

DIP: 18.02.009/20230803

DOI: 10.25215/2455/0803009

Received: July 15, 2023; Revision Received: August 02, 2023; Accepted: September 21, 2023

Abstract

The Reserve Bank of India (RBI) has embarked on a transformative journey towards the introduction of a digital currency, commonly referred to as the “Digital Rupee.” This research paper presents a comprehensive study aimed at understanding the basic concept of CBDC ( Digital currency), reson behind popularity of Central Bank Digital Currency and risk in Central Bank Digital Currency. As the world embraces digital currencies, central bank digital currencies (CBDCs) have gained prominence as a potential financial innovation. This study employed a explorative methods approach, including secondary data and data collected from paper, website, books, article, journal. The research explores the key dimensions of public awareness regarding the RBI’s Digital Rupee, including knowledge of its existence, purpose, benefits, and concerns.

Keywords

The authors profoundly appreciate all the people who have successfully contributed to ensuring this paper in place. Their contributions are acknowledged however their names cannot be mentioned.

The author(s) declared no conflict of interest with respect to the research, authorship, and publication of this article.

This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited.

Responding Author Information

Vyas. S & Patel N. @ info.ijsi@gmail.com

An Overview of Central Bank Digital Currencies Launched By RBI

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Article Overview

ISSN 2348-5396

ISSN 2349-3429

DIP: 18.02.009/20230803

DOI: 10.25215/2455/0803009

Published in

Volume 08 Issue 3, July– September, 2023

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