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CBDCs are a digital form of a paper currency and unlike cryptocurrencies that operate in a regulatory vacuum, these are legal tenders issued and backed by a central bank. •It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency. •A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. •Bahamas has been the first economy to launch its nationwide CBDC — Sand Dollar in 2020. •Nigeria is another country to have rolled out e-Naira in 2020. •China became the world's first major economy to pilot a digital currency e-CNY in April 2020.
Which Indian city launched its first FutureLABS center at C-DAC?
Which of the following is the correct sequence of the location of sea ports of India from South to North?
"Mizo Puanchei" is a traditional product from which the Indian state, is known for its exquisite handicrafts?
Who is the writer of the Sanskrit play "Vikramorvasiyam," which is based on the love story involving mortal men and the heavenly Urvashi?
President Draupadi Murmu inaugurated the warship 'INS Vindhyagiri' in which city?
Who among the Indians was honored with the 'Champions of the Earth' award by UNEP in 2022?
To which country has China recently appointed its ambassador?
In February 2023, the World Government Summit-2023 was held in?
How many scientists have been jointly awarded the Nobel Prize for Physics in the year 2023?
What is the earliest allowed period for premature redemption of Sovereign Gold Bonds?