Central bank digital currency treated as bank note; specified statutory sections are made inapplicable to digital bank notes. The amendment adds a definition treating a bank note as one issued by the Bank in physical or digital form under the issuance provision, and inserts a new ... Summary
Central bank digital currency treated as bank note; specified statutory sections are made inapplicable to digital bank notes.
The amendment adds a definition treating a bank note as one issued by the Bank in physical or digital form under the issuance provision, and inserts a new section providing that specified statutory provisions shall not apply to bank notes issued in digital form.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.