Tag: digital currency

Central Bank Digital Currency

I am providing a link below to the latest version of my paper. The Reserve Bank of India has declared that it will start a pilot project on the issuance of CBDC. The former Governor Subbarao has strongly cautioned RBI against any interest payment on account-based CBDC. Please see my detailed discussion on various issues […]

Central Bank Digital Currency

In December 16 2019, I wrote this letter to RBI Governor To The Governor Reserve Bank of India Mumbai Sub: Possibility of introducing Central Bank Digital Currency in India- a Technical Blueprint Respected Sir, Many countries in the world including China are experimenting to introduce Central Bank Digital Currency (CBDC). I have worked out a […]

Corporatization of Nations

Reliance Jio Infocomm Ltd, the telecom arm of India’s largest company by market cap (NSE:RELIANCE), plans to create its own cryptocurrency called JioCoin. Supply chain management logistics and loyalty payment with JioCoin are amongst the envisaged uses of JioCoin. Worldwide, many large corporates have already started launching their own private cryptocurrency.  KFC, Burger King and […]

Central Bank Digital Currency -a Blueprint

eRupiah: RBI’s Virtual Cash Key words: Central Bank Digital Currency, public key-private key cryptography, Digital currency wallet, Corruption, Introduction: No currency has ever been used in the human history which did not have the stamp of an authority. Bitcoin is a medium of payment but it is not money for the same reason. Nonetheless, the […]

Bitcoin- Comment on Aswath Damodaran’s Post

Prof Aswath Damodaran (AD, henceforth) is a well-known name in the field of corporate finance and valuation of financial products. It is unfortunate that despite his formidable reputation in valuation of financial products, his latest “Musing on market” is a complete let down (You can read complete post here). He starts the blog by classifying […]