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 mulls the digital rupees' anonymity level.
Latest T. Rabi Sankar News
Reserve Bank of India deputy gov confirms 2023 launch for CBDC
T. Rabi Sankar's statement echoes the RBI's revelation in its annual report released earlier this month, where it said it would follow a "graded approach" to introduce the digital rupee.
Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies
Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central bank believes CBDCs could kill private digital currencies.