MUMBAI : Transactions via central bank digital currencies would remain anonymous"to a certain degree", a top official at the Reserve Bank of India said on Wednesday, adding that technology and legal provisions can be explored to ensure that anonymity.
The RBI has begun experiments on both the wholesale and retail versions of e-rupee using blockchain distributed-ledger technology, as an alternative to cash. The RBI has not yet clarified the degree to which CBDC transactions will be anonymous, but the income tax department allows cash transactions upto a certain limit to be carried out without furnishing any government identity proof and the same rules may apply, RBI governor Shaktikanta Das said at a post policy press conference.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: