Devendra Verma, Gujarat National Law University, Gandhinagar
ABSTRACT
Central Bank Digital Currency (CBDC) is poised to have significant implications for the future of finance, particularly in the realm of digital asset and securities transactions. These currencies could serve as the cornerstone of a new, highly effective digital payment system by permitting broad access and enforcing strict data governance and privacy standards based on digital identity. This article makes an effort to sum up the critical components (legal and regulatory) that are crucial to CBDC incorporation in the Indian context because there is currently little comprehensive thought on the topic in the public domain.
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