A major announcement in the Budget is that the Reserve Bank of India will issue digital currency. Crypto currencies like Bitcoin or Ethereum are outside the control of central banks. They are run independently by a group of participants. In contrast, the digital currency issued by the RBI will be controlled by the RBI. Digital currency is just like a printed note, except that there is no paper. Just as you have a number printed on a note, there is a number assigned to the digital currency. This number will be stored in the computer of the RBI and there will be transparency about who buys, sell…