THE Reserve Bank of India (RBI), being the central bank of our country, came out with a concept note on Central Bank Digital Currency (CBDC) on October 7, 2022. Within a month of issuance of this note which was intended to create awareness about the digital currency among the general public, RBI has come out hurriedly with the pilot issuance of whole sale CBDC on November 1, 2022; further retail digital currency has been introduced on December 1, 2022.