scorecardresearchDigital rupee & cryptocurrencies: What are the key differences?

Digital rupee & cryptocurrencies: What are the key differences?

Updated: 08 Feb 2022, 11:19 AM IST
TL;DR.
The much-awaited announcement came on February 1 when Finance Minister Nirmala Sitharaman declared to launch Central Bank Digital Currency. Let us explore how it will be different from the vanilla cryptocurrencies such as bitcoin and ethereum
Digital currencies (CBDCs) are not cryptocurrencies but are an electronic form of currency issued by the government. 

Digital currencies (CBDCs) are not cryptocurrencies but are an electronic form of currency issued by the government.