India to Launch RBI-Backed Digital Currency

Published by

Sohrab Khawas

October 7, 2025

India is set to launch a new digital currency backed by the Reserve Bank of India (RBI). Commerce Minister Piyush Goyal said the RBI-backed currency will make transactions faster, safer, and more transparent, using blockchain technology similar to U.S. stablecoins. The move aims to replace traditional cash gradually while cutting paper use. India remains cautious about cryptocurrencies not backed by the government and heavily taxes them to discourage risky use. This digital rupee promises a secure way to transact with official backing.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news

October 7, 2025

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