India's CBDC navigates UPI competition while aiming for cross-border success, considering the digital rupee's journey amidst UPI dominance and its potential in cross-border transactions.
The National Payments Corporation of India (NPCI) is hiring a Head of Blockchain with blockchain expertise to enhance payments through blockchain technology.
Lifting the ban will lend credibility to Indian players in the digital currency space and reduce the hurdles for retail investors to trade on digital currency exchanges.
The Reserve Bank of India still maintained its stance that digital currencies can lead the country into financial stability, even though it plans on launching its own digital currency.
