CBDC and its usage is emerging as the central area of policy discussions and initiatives: RBI article

The RBI, in its article that surveys the policy focus of central banks towards FinTech developments using natural language processing-based text mining analysis of central banks news articles, speeches and interviews suggests that payment systems are a priority, both in terms of innovations and regulation by the central banks among different areas of FinTech. Temporal analysis indicates that central bank digital currency (CBDC) and its usage is emerging as the central area of policy discussions and initiatives, with the focus shifting towards modalities of CBDC implementation from the earlier concerns related to applicable technology and financial implications.