New Delhi, Dec. 12 -- The Reserve Bank of India (RBI) sees privacy concerns associated with the use of programmable central bank digital currency (CBDC), particularly for targeted benefits such as subsidies, according to deputy governor T Rabi Sankar. But the digital rupee is still much safer than stablecoins, he said.

CBDCs combine the advantages of tokenised digital money, programming capability, atomic settlement, lower cross-border frictions, while still retaining the essential attributes of sovereign currency that has fiat backing, trust and singleness, Sankar said at a fireside chat during the 18th edition of Mint's Annual BFSI Conclave.

Still, cash-like anonymity is "unavoidable" if the digital rupee is to achieve widespread adop...