With reference to Central Bank digital currencies, consider the following statements:
1. It is possible to make payments in a digital currency without

Question

With reference to Central Bank digital currencies, consider the following statements:
1. It is possible to make payments in a digital currency without using US dollar or SWIFT system.
2. A digital currency can be distributed with condition programmed into it such as a time- frame for spending it.
Which of the statements given above is/are correct:

Accepted Answer

(C) Both 1 and 2

Answer

(A) 1 only

Answer

(B) 2 only

Answer

(D) Neither 1 nor 2