Digital currency News
Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently.
Now you will be able to do transaction in a currency which you can neither touch nor it will get spoiled and you will be able to keep it for many years. Today, digital currency has been started as a pilot project in the country. In DNA we will tell you how digital currency is going to change the economy of the country.
The meeting comes only days after Prime Minister Narendra Modi presided over a high-level review discussion on cryptocurrency's future. This is the first meeting of the Parliamentary panel on the subject, which has sparked a lot of curiosity as well as worries from various sectors about investment possibilities and risks. Members of Parliament (MPs) highlighted worries about the security of investors' funds during the meeting.