Page 115 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) .indd

BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
nd
th
Webinar on

“ Fiat Currency vs Cryptocurrency vs Central Bank Digital Currency ”

organized by the
Banking, Financial Services and Insurance Board (BFSIB)

on 09/04/2022 from 4 to 6 pm

igital Rupee or Central Bank Digital economics, markets, and commodity exchange
Currency (CBDC) will be the next in human society. So, where does the crypto vs
attempt by the RBI to boost India's CBDC comparison arrives in the discussion?
Ddigital economy. Presented at the A comparison of cryptocurrencies vs Central
Union Budget 2022-23 by Finance Minister Bank Digital Currencies appears as a reasonable
Nirmala Sitharaman, the concept of the Digital proposition for Central Banks and individuals.
Rupee is meant to take some inspiration from With such justification in mind the topic was
cryptocurrencies like Bitcoin, but with the selected by the Banking, Financial Services and
regulations of the central bank. CBDC may Insurance Board under the leadership of CMA
need "an underlying system for issuance and Chittaranjan Chattopadhyay and organized
distribution to the public" and for this, the RBI the webinar on 9th April 2022from 4 pm to
may have to include public and private banks, 6 pm as “Fiat Currency vs Cryptocurrency
payment service providers (PSPs) and operators vs Central Bank Digital Currency”. The
on the network. The matter of digital currencies webinar was attended by Bankers, Officials
is a continuation of the long-running saga of of the Cooperative Banks, Members and

The Institute Of Cost Accountants Of India

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