Q-SAFE (Quantum Secure and Adaptive Financial Ecosystem) is an RBI committee chaired by Prof. Anil Prabhakar of IIT Madras. Its purpose is to:
- Aset up a quantum computer at the RBI in Mumbai
- Bregulate crypto-assets and stablecoins
- Cprepare the financial system for quantum computing
- Ddesign the next version of the e-rupee
Show answer and explanation
Correct answer: (c) prepare the financial system for quantum computing
Explanation
Quantum computers could break today's encryption of banking and payments; they could also help with portfolio optimisation, risk and fraud detection. Q-SAFE prepares the system for this.