In a noteworthy development within the Indian digital assets space, RBI governor Shaktikanta Das has recently revealed that the Indian central bank is actively considering making its digital currency available offline. This announcement, which has quickly garnered substantial attention among Indian crypto market participants, underscores the Indian government’s proactive approach to regulating and supporting the yet unregulated sector.
RBI Governor Justifies Make CBDC Offline
At the Bank for International Settlements (BIS) event today, May 6, emphasizing one of the fundamental aspects of physical cash, its ability to be used offline, Shaktikanta reiterated that authorities nationwide are working on making the Central Bank Digital Currency (CBDC) transfers seamless, particularly in situations where an internet connection is not available.
Regarding this, the RBI Governor further adds that CBDC is a much safer alternative, considering that private digital currencies are potentially mor
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