pyq/2023/prelims/72

With reference to Central Bank digital currencies, consider the following statements :

1. It is possible to make payments in a digital currency without using US dollar or SWIFT system.

2. A digital currency can be distributed with a condition programmed into it such as a time-fame for spending it.

Which of the statements given above is/are correct?

(A) 1 Only

(B) 2 Only

(C) Both 1 and 2

(D) Neither 1 nor 2