DIGITAL CURRENCY: A CASE STUDY WITH A PARTICULAR EMPHASIS ON INDIA

AUTHOR – ANJALI YADAV, STUDENT, DEPARTMENT OF LAW^, AMITY UNIVERSITY MUMBAI (LAW SCHOOL), MAHARASHTRA, INDIA

BEST CITATION – ANJALI YADAV, DIGITAL CURRENCY: A CASE STUDY WITH A PARTICULAR EMPHASIS ON INDIA, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (8) OF 2025, PG. 348-358, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

Any currency that is primarily handled, kept, and traded via digital devices—such as computers, smartphones, etc.—is referred to as digital currency. Digital currency, which includes virtual money and crypto currency, is a form of money that solely exists digitally and lacks a physical form. The digital Currency, commonly referred to as digital money or cyber cash, can be used to buy products and services, but it can also be limited to specific online communities like social networks or gaming. With particular reference to the current state of digital currency in India, we shall examine the true significance of digital currencies in the modern world in this essay. The current research has been exploratory and informal. and empirical in character, and the information required for the study project has been gathered through the use of both direct and indirect methods.

Keywords: Digital currency, CBDC, RBI wallet, banknote method.