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Reserve Bank of India

India’s CBDC pilot hits 1 million daily transactions amid controversy

Wahid Pessarlay

-

6 January, 2024

India’s CBDC pilot hits 1 million daily transactions amid controversy

Reserve Bank of India achieves a significant milestone as the digital rupee pilot surpasses 1 million daily transactions, but controversies...

India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases

Pradipta Mukherjee

-

28 December, 2023

India pushes for digital rupee in 2023 as provincial governments explore blockchain use cases

India is shaping to become a major player in the blockchain space, gradually embracing the technology and exploring its endless...

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features

Wahid Pessarlay

-

7 December, 2023

Reserve Bank of India opens talks with US, Hong Kong for cross-border CBDC features

India is eyeing a collaboration with U.S. Federal Reserve and HKMA for cross-border CBDC functionality to enhance international remittances and...

India full-scale wholesale CBDC launch may happen in early 2024: report

Wahid Pessarlay

-

14 November, 2023

India full-scale wholesale CBDC launch may happen in early 2024: report

After the successful pilot, the Reserve Bank of India may launch a full-scale wholesale central bank digital currency in January...

Indian banks to boost volume of CBDC transactions through incentives

Wahid Pessarlay

-

2 November, 2023

Indian banks to boost volume of CBDC transactions through incentives

With cashbacks and reward points, the Reserve Bank of India and other participating banks are hoping for a higher digital...

Reserve Bank of India launches wholesale CBDC pilot for short-term loans

Wahid Pessarlay

-

26 October, 2023

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...

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