In this YouTube video, the latest news discusses the announcement made by Finance Minister Nirmala Sitharaman regarding the Reserve Bank of India’s plan to issue India’s own digital rupee by the financial years 2020 to 2023. The digital currency will be called Central Bank Digital Currency (CBDC). The move towards a digital rupee signals a shift towards the adoption of blockchain technology, which will ensure the transparency and legitimacy of ledger records, preventing alterations. This move is expected to safeguard the general public from high levels of volatility in the market. The video also mentions a free ebook on cryptocurrency with tips on how to get started, which can be found in the description of the video. Overall, the video highlights the upcoming digital transformation of the Indian rupee and the benefits it will bring to the economy and the public.
