DIGITAL REVOLUTION IN FINANCE: A COMPREHENSIVE ANALYSIS OF CENTRAL BANK DIGITAL CURRENCY IMPLEMENTATION

Ashwarya Kapoor; Rajiv  Sindwani; Manisha Goel

doi:10.55955/320001

Authors

Ms. Ashwarya Kapoor J.C. Bose University of Science & Technology, YMCA https://orcid.org/0000-0003-3858-3945
Dr. Rajiv Sindwani J.C. Bose University of Science & Technology, YMCA https://orcid.org/0000-0001-7457-6457
Dr. Manisha Goel J.C. Bose University of Science & Technology, YMCA

DOI:

https://doi.org/10.55955/320001

Keywords:

Digital Currency, Reserve bank of India, literature review, CBDC, Financial services

Abstract

In recent years, central bank digital currency (CBDC) has garnered significant attention, raising the prospect of widespread adoption in payment transactions. Global public authorities and central banks are closely monitoring these developments, analyzing their potential impacts on the economy, financial systems, and central banking. This study delves into the overview of CBDC and discusses the opportunities and challenges associated with its implementation. It sheds light on strategies for facilitating the issuance of CBDC, aiming to offer valuable insights for researchers, policymakers, and practitioners seeking a deeper understanding of CBDC.

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