Govt eyes big push to digital currency programme, says official

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The Union government would expand the digital currency programme after a thorough evaluation, said M Nagaraju, secretary, department of financial services, ministry of finance.

“Our evaluation of the CBDC (central bank digital currency) is actually very positive. So, we are going to expand that,” he said, while responding to a question at a roundtable discussion at the Synergia Foundation in Bengaluru. “We would like to scale it up, so that the incentives are purpose-driven.”

Nagaraju said that new government schemes driven through digital…



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Govt eyes big push to digital currency programme, says official



The Union government would expand the digital currency programme after a thorough evaluation, said M Nagaraju, secretary, department of financial services, ministry of finance.

“Our evaluation of the CBDC (central bank digital currency) is actually very positive. So, we are going to expand that,” he said, while responding to a question at a roundtable discussion at the Synergia Foundation in Bengaluru. “We would like to scale it up, so that the incentives are purpose-driven.”

Nagaraju said that new government schemes driven through digital…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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