Question
EconomyDigital Economy and FinTechCBDC, Crypto-assets and Digital CurrencyMedium (editorial estimate)
Question details
- Type:
- Statement based
- Skill:
- Fact recall
- Tags:
- central bank digital currencies · CBDC, Crypto-assets and Digital Currency
- Related topics:
- UPI, Cross-Border Payments and Remittances
Classification and difficulty are editorial labels. Explanations are awaiting review.
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With reference to Central Bank digital currencies, consider the following statements: 1. It is possible to make payments in a digital currency without using US dollar or SWIFT system. 2. A digital currency can be distributed with a condition programmed into it such as a time- frame for spending it. Which of the statements given above is/are correct?
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Question 72 · CBDC, Crypto-assets and Digital Currency · Economy · UPSC Prelims 2023 (GS)