RBI to issue digital rupee based on blockchain technology in 2022-23, fate of Bitcoin unclear
Finance Minister Nirmala Sitharaman confirmed that the Reserve Bank of India will issue a digital rupee soon on Tuesday morning. The RBI’s digital currency will be based on blockchain technology, which is the same technology that powers Bitcoin and other popular cryptocurrencies. The finance minister stated that a digital rupee would be issued by 2022-23, but did not elaborate on the future of Bitcoin and other crypto tokens. “Digital currency will also lead to a more efficient and cheaper currency management system. It is therefore proposed to introduce a digital…