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Digital Currencies May Increase Financial Transparency But Pose Risk Of Disintermediation Of Banking System: RBI

Digital Currencies May Increase Financial Transparency But Pose Risk Of Disintermediation Of Banking System: RBI

The Central Bank Digital Currency (CBDC) is ‘not an unmixed blessing’, said the Reserve Bank of India (RBI) in its latest report on currency and finance . As per the RBI, the virtual tokens increase financial inclusion and transparency but may take away low-costs deposits from banks with impacts on the economy.








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