Digital Rupee

India in ‘no hurry’ for CBDC development despite notching huge milestones
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12 February, 2023

India in ‘no hurry’ for CBDC development despite notching huge milestones

India’s digital rupee pilot already had over 50,000 users and 5,000 merchants, but despite the impressive numbers, the Reserve Bank...
India: Reliance Retail to accept CBDC payments soon—here’s all you need to know
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8 February, 2023

India: Reliance Retail to accept CBDC payments soon—here’s all you need to know

V Subramaniam, Director of Reliance Retail, said that accepting digital currency at their stores aligns "with the company's strategic vision...
RBI governor warns next financial crisis will come from privately run digital currencies
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24 December, 2022

RBI governor warns next financial crisis will come from privately run digital currencies

Instead of speculative coins, RBI Governor Shaktikanta Das says CBDCs will address the growing 'cryptoization' of the economy while providing...
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...
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