The Reserve Bank of India (RBI) plans to launch the first tests of a central bank digital currency (CBDC) bythe end of this year, said bank manager Shaktikanta Das.
In an interview with CNBC, Das said that the central bank is closely scrutinizing various aspects of digital currencies, including their security and potential impact on India's financial sector:
«We are very careful with this because ita completely new product not only for RBI but throughout the world. The RBI is studying various aspects of digital currency, including its security, impact on India's financial sector, and how it will impact monetary policy and currency in circulation.
Interest in CBDC has grown significantly in recent years due to the leap forward in distributed ledger technology adoption.
Central banks of China, Europe and the UKare actively working on the release of CBDC. In July 2021, the European Central Bank announced the start of the research phase of the Digital Euro project. In November 2020, European Central Bank President Christine Lagarde noted that the ECB plans to introduce the digital euro by 2024.
As an emerging market, India is oneof the fastest growing destinations in the world of cryptocurrencies. The adoption of cryptocurrency assets in India has grown rapidly over the past 12 months. However, crypto investors in India are under constant strain due to a potential ban on innovative assets.
Where is it more profitable to buy cryptocurrency? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Additional features and services— futures, options, staking, NFT marketplace.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- final grade– the average number of points for all indicators determines the place in the ranking.
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