Need to be careful about cyber risks to CBDCs: Das
Financial Express Mumbai|December 09, 2021
RISKS ASSOCIATED WITH digital frauds and cybersecurity could pose threats to central bank digital currencies (CBDCs), Reserve Bank of India (RBI) governor Shaktikanta Das said on Wednesday.
SHRITAMA BOSE

The central bank is working on two sets of CBDCs - one wholesale account-based while the other is retail-based.

"The main concern comes from the angle of cybersecurity and the possibility of digital frauds, so we have to be very careful about that. A few years ago, we had major concerns around fake Indian currency notes. Similar things can also happen when you are launching CBDC," Das said during the post-monetary policy press conference.

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