Which of the following Bank is working on phased introduction of digital currency?
A. World Bank
B. Reserve Bank of India
C. New Development Bank
D. None of these
Explanation:
The Reserve Bank of India is working on phased introduction of its own digital currency and is mulling pilot projects in wholesale and retail segments in the near future. Several countries have implemented specific purpose Central Bank Digital Currencies (CBDCs) in the wholesale and retail segments.