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What is Digital Rupee: RBI Digital Currency
Central banks around the world are considering the formation of their own digital currencies amid the ever-changing cryptocurrency ecosystem. Among these, the Reserve Bank of India (RBI) has made substantial progress toward the implementation of its own digital currency, the Digital Rupee. This move is intended to provide a safe and government-backed alternative to the unpredictable and frequently speculative world of cryptocurrencies such as Bitcoin. In this article, we'll look at what the Digital Rupee is, its important features, the RBI's involvement, its potential benefits, and the obstacles it may encounter.