Capitalmind Podcast

CBDC - Can RBI make a big leap into the future with digital currencies?

Mar 17, 2022

01:02:54

Creator website

Highlights

AI Chapters

Episode notes

What Is a Crypto Currency?

04:32

Why Is Ast So Popular in a Crisis?

01:33

The Arbi Can't Recontrol Real Monitary Policy

03:46

Introduction

2min

What Is a Crypto Currency?

5min

The Rupee Note Is a Digital Forman

5min

How Do Cryptocurrencies Work?

3min

Can You Only Use These Chips?

2min

Using a Central Bank Dagital Currency

5min

Why Is Ast So Popular in a Crisis?

2min

Is the CBD C Likely to Be Anonymous?

4min

What Are We Doing With Multiple Accounts?

2min

10.

Anonymity

3min

11.

The Indian Banking System Is Changing, Is It Changing?

6min

12.

China and India Have a Deficit

2min

13.

Using the Ironaras in the Arbey

2min

14.

Using the U P I Sh in a Swift System

4min

15.

How Does a Sb D C Impact Indian Banks?

6min

16.

The Arbi Can't Recontrol Real Monitary Policy

4min

17.

Is There a Systemic Problem in the Banking System?

3min

18.

How Do You Think of Small Use Cases?

5min

There is a lot to unpack about this new digital currency RBI is talking about. Deepak and Shray built up the discussion by pondering over successive questions. Deepak takes us through how cryptocurrencies currently work. This sets up the context to the current ways of handling digital currencies and we move on to discuss the RBI-backed digital currency - Central Bank Digital Currency (CBDC).

Key Points

How CBDCs are not cryptocurrencies? And how are they different?
Is CBDCs actually required or is it a response to the popularity of cryptocurrency? So basically, why now?
Is the CBDC likely to be anonymous like cryptocurrencies?
Can CBDCs be an alternative to the SWIFT system given how Russia has been isolated by the world right now?
Impact of CBDC on Monetary and Fiscal policies?