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India , Thursday 15 October 2026

India to Roll Out Sovereign RBI-Backed Digital Currency, Minister Flags Unbacked Crypto

Published on: Monday 06 October 2025

India to Roll Out Sovereign RBI-Backed Digital Currency, Minister Flags Unbacked Crypto Indian Union Minister Piyush Goyal announced that the nation will introduce a digital currency backed by a Reserve Bank of India (RBI) guarantee. The central bank-backed crypto is aimed at faster and traceable transactions compared to traditional banking.India does not encourage digital assets that lack sovereign or asset backing, he ...


News source: https://finance.yahoo.com/news/india-roll-sovereign-rbi-backed-050444518.html

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