india digital rupee

Jan

Why the financial sector in India is shrugging at the digital rupee

India launched its long-awaited CBDC pilot in early November – wholesale – and early December – retail – with much fanfare. Nine banks are participating in the wholesale pilot and four in the retail pilot, which is focusing on the cities of Mumbai, New Delhi, Bengaluru and Bhubaneswar.

Oct

Blockchain Research

Here comes India’s CBDC

In early October, the Reserve Bank of India (RBI) published a 50-page concept note outlining its vision for a digital rupee. The document explains the RBI’s reasons for rolling out a central bank digital currency, such as boosting financial inclusion, accelerating financial digitization and enhancing financial stability, but does not…

May

Blockchain Research

When will India launch the digital rupee?

In February, Indian finance minister Nirmala Sitharaman said that the Reserve Bank of India (RBI) would launch a central bank digital currency in the 2022-23 fiscal year. In her budget speech, she said that introducing a digital rupee would give a big boost to the digital economy and lead to…

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