Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Reserve Bank of India Is Working on 'Phased Implementation' of Central Bank Digital CurrencyIndia’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments have been made to the RBI Act, 1934 to allow the central bank to pilot and issue a digital currency. India’s Central Bank Digital Currency […]

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