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Delta National Journal Of Multidisciplinary Research
Year : 2023, Volume : 10, Issue : spl
First page : ( 15) Last page : ( 19)
Print ISSN : 2279-0705.

Digital currency: Advanced financial standard of banking system

Dr. Nannaware M. K.*

Associate Professor and Head, Department of Economics, Shri Shivaji Arts, Commerce and Science College, Akot, Dist. Akola, (Maharashtra)

*E-mail - mknannaware9@gmail.com

Online published on 23 March, 2023.

Abstract

Currently, we are constantly hearing the concept of Digital India. Gone are the days of pocketing cash to buy something. Every essential goods and services are available online. Similarly, it has become the need of the hour to be able to use mobile or computer properly at the levels of online education and social media. As countries around the world explore the design and implementation strategies for ‘central bank digital currency’, India can play an important role in setting the global standard in this regard. India is on track to become the second largest digital country in the world. However, we should have any plan to deal with the digital currency crisis but we don't.

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Keywords

Digital Currency, E-money, Bitcoin, E-commerce, Global standard, Financial Standard , Banking System.

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