Shaping the Future of Money: Public Perceptions on Central Bank Digital Currencies and the Digital Rupee

Abstract

This research project examines public attitudes towards Central Bank Digital Currencies (CBDCs) and the Digital Rupee through surveys and data analysis. It uncovers a significant level of awareness and growing interest in digital currency concepts among respondents. Trust in central banks is highlighted as crucial for successful CBDC implementation. Positive attitudes towards adoption are noted, with perceived benefits including faster transactions and enhanced security. However, concerns about cybersecurity risks and privacy issues require attention. Collaboration between public and private sectors is emphasized for effective implementation. Overall, this study provides valuable insights for policymakers and financial institutions navigating the digital finance landscape, informing strategies to promote digital currency adoption and address potential challenges.