Reserve Bank of India launches wholesale CBDC pilot for short-term loans
Under the wholesale CBDC pilot, the RBI will test the viability of atomic settlements using blockchain plus the additional functionality of smart contracts for programmability.
Latest Ajay Kumar Choudhary News
India considers offline functionality of CBDC: RBI
Reserve Bank of India Executive Director Ajay Kumar Choudhary said that since the CBDC will have all features of physical fiat currencies, it must also be used for offline payments.
Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works
Ajay Kumar Choudhary stated that the RBI would leverage the Union Budget 2022-23 that gives legal backing to the CBDC to implement it in a phased manner for wholesale and retail segments.