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Explanation: Today, countries are sized with idea of cryptocurrency as in this modern digital age, paper banknotes are gradually losing their role as a reference value in payment system across the worlds. A cryptocurrency like bitcoin is cryptography-based peer-to-peer electronic cash system, founded on blockchain and distributed ledger system, that allow the transfer of values without any financial intermediary such as banks. CBDC is a digital or virtual currency, but it differs from the private virtual currencies and cryptocurrencies that have exploded in popularity over the last decade. Because there is no issuer, private virtual currencies do not represent any person’s debt or liabilities. They aren’t money, and they aren’t even close to being currency. The Reserve Bank of India has been a vocal opponent of private cryptocurrencies, claiming that they could jeopardize national security and financial stability. The Reserve Bank of India (RBI) will issue Central Bank Digital Currency (CBDC), which will be a digital form of legal tender.
SBI Life Insurance launched 'IdeationX', an initiative engaging B- School students to innovate in the ______ sector.
Consider the following statements with respect to a new program been approved by the World Bank -
I.The World Bank has approved a new program to ...
The Reserve Bank has imposed a penalty of Rs 2.5 crore on ______ for non-compliance with certain directions, including one related to 'time-bound implem...
India's 1st solar plant for housing society will be set up in which city?
What is the maximum exposure limit to an individual borrower for UCBs with a CRAR of equal to or more than 9% and DTL above ₹100 crore?
India has seen around 40% hike in export of coffee beans. Which type of coffee bean is exported majorly from India?
How does the launch of India's first battery energy storage gigafactory in Jammu and Kashmir align with the country's energy goals?
Which airport in India is set to become the first zero-waste airport?
The Mughal queen, whose name was inscribed on the coins and on all royal farmans as well as attached to the imperial signature was
Which of the following is not a part of the trio commissioned at the Naval Dockyard in Mumbai?