With reference to Central Bank Digital Currencies (CBDCs), consider the following statements:
1.Unlike cryptocurrencies, which lack regulatory oversight, CBDCs are official legal tenders issued and supported by a central bank.
2.It differs from fiat currency but is exchangeable one-to-one with it.
3.Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar in 2020.
which of the above given statements are correct?
CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank. •It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. •A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. •Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar in 2020. •Nigeria is another country to have rolled out e-Naira in 2020. •China became the world's first major economy to pilot a digital currency e-CNY in April 2020.
Which Rajput princess belonged to the Bhakti tradition of Medieval India, whose songs were devoted to Lord Krishna?
What is the increased budget allocation for the Production-Linked Incentive (PLI) scheme for the financial year 2025 in the Interim Budget?
Which of the following Sites is a old UNESCO Sites in India?
In which Indian state is the 'Pookode Lake' located?
Which organization announced the reduction of the Initial Public Offer listing timeline from T+6 days to T+3 days, effective from December 2023?
Consider the following statements:
1. The Vijayanagara Empire was established by Harihara-I and Bukka Raya-I.
2. Krishnadevaraya, the gr...
Which country has hosted the most editions of the Asian Games?
The recent update in the Pradhan Mantri Jan Dhan Yojana (PMJDY) targets which of the following?
_____________ is one of the most important festivals of Kamakhya temple of Guwahati. It is held every year during the monsoon (mid-June) season, when th...
Where is Nanda Devi Mountain?