Reserve Bank of India (RBI) Governor Shaktikanta Das has once again reiterated his positive stance on Central Bank Digital Currency (CBDC), highlighting the potential efficacy of India’s Digital Rupee. In addition, he lauded the development and said that it could be used to avoid potential uncertainties related to cryptocurrency, echoing his previous stance on digital assets.
RBI Governor Backs CBDC As A Shield Against Crypto Risks
RBI Governor Shaktikanta Das has been a long-supporter of the Indian Digital Rupee. According to a recent report, he once again highlighted the importance of CBDC in avoiding the uncertain landscape, that he claims was created by cryptocurrencies.
In addition, he noted that CBDC could be a more stable and controlled digital currency for India. It could potentially minimize the volatility and risks associated with other crypto like Bitcoin, Ethereum, and others.
The recent report also highlighted Das’s focus on modernizing cross-border payments. “Remitt
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