RBI or the Reserve Bank of India has launched its version of digital currency called RBI E Rupee
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It is a virtual currency developed by RBI in response to the most famous but unstable virtual currencies of today’s modern world known as cryptocurrency
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RBI and the Indian Government consider cryptocurrency like bitcoin as a dubious form of currency due to its secretive and non-transparent nature
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RBI E Rupee is different than a cryptocurrency as RBI’s currency is backed by a Nation’s central bank or the Government
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As the E Rupee is digital money, the shelf life of digital money is infinite.
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The Transactions done with the E Rupee are traceable, therefore it will become easy for the Government to keep a track of the movement of money