India eyes December start for central bank digital currency trials
The project will be the country's first digital currency trial initiative according to the 25th Governor of the Reserve Bank of India, Shaktikanta Das.
Latest digital rupee News
India taking first steps towards a digital rupee to fight ‘private’ virtual currencies
Rabi Sankar, deputy governor at the Reserve Bank of India, noted the need for India to keep pace with other major economies in financial innovation, especially with 86% of central banks researching CBDCs.
Pakistan is studying CBDC for financial inclusion
The governor of the State Bank of Pakistan believes that a state-back digital rupee can bring two-fold benefits to the country.
India won’t ban digital currencies: finance minister
Finance Minister Nirmala Sitharaman assured that despite reports of government hostility against the industry, it will take a measured approach.
India proposes banning Bitcoin and developing a digital rupee
India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on the entire industry.
India’s central bank exploring the need for digital currency
In a recent outlook on payments in the digital era, the bank justified its earlier apprehension, but revealed that it’s now open to the possibility of a digital rupee.