The report says that India’s official digital currency will be introduced in early 2023

India’s own official digital currency will launch in early 2023, reflecting the private wallets currently operated by private companies, ;

But a top government official said it would be a sovereign support facility.

Finance Minister Nirmala Sitharaman in her budget speech last week

She spoke about the soon-to-launch launch of the digital rupee with central bank support.

It will not be very different from fiat currency.

It will be an electronic form of fiat currency, so in a way it will be a government-mandated electronic form. Wallet,” the source said.