Based on the provided information, answer the following question: (ii) Is e₹ same as Cryptocurrency such as Bitcoin ?

No, e₹ is digital form of currency notes and has intrinsic value as it represents a claim on the Reserve Bank's balance sheet. e₹ is issued by the Reserve Bank and is a legal tender. Crypto products such as bitcoin on the other hand do not exhibit any features of a currency, do not have any intrinsic value, are not backed by assets and are not issued by a central trusted authority, such as RBI. The e-Rupee may use Distributed Ledger Technology (DLT) or traditional centralized databases, depending on the design chosen by the RBI. Bitcoin uses blockchain technology, a decentralized ledger that records all transactions across a network of computers. The e₹ value is stable and directly linked to the fiat currency (the Indian Rupee). The e-Rupee is not subject to the same volatility as cryptocurrencies. Bitcoin's value is highly volatile, influenced by market demand, investor sentiment, regulatory news, and other factors.