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Digital Rupee

India’s central bank to launch retail CBDC pilot in December
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25 November, 2022

India’s central bank to launch retail CBDC pilot in December

A number of commercial banks will participate in the project with RBI noting that each financial institution will test the...
India to explore if digital rupee can reduce government securities trading fees
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3 November, 2022

India to explore if digital rupee can reduce government securities trading fees

The Reserve Bank of India expects the digital rupee would “pre-empt the need for settlement guarantee infrastructure or for collateral...
Developers skilled in blockchain tech are in short supply globally: study
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24 October, 2022

Developers skilled in blockchain tech are in short supply globally: study

The world is facing a manpower crunch of developers knowledgeable in the blockchain space, with India working to address the...
India central bank tests e-rupee to stifle digital assets effects
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12 October, 2022

India central bank tests e-rupee to stifle digital assets effects

One of the reasons the RBI explores the possibilities of a CBDC is its potential to improve cross-border payments while...
India presses ahead with CBDC pilot run on wholesale business
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25 August, 2022

India presses ahead with CBDC pilot run on wholesale business

The adoption of CBDCs in India will be conducted in phases on FY 2022-2023, beginning with wholesale businesses, as the...
Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works
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26 July, 2022

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...
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