fbpx
Skip to content Skip to sidebar Skip to footer

India May Start CBDC Pilot in December

India Crypto Ban

The Reserve Bank of India (RBI) revealed the possibility of a CBDC (central bank digital currency) pilot commencing before year-end.

RBI governor Shaktikanta Das said that the central bank is being highly cautious with the way it handles a potential digital rupee, even though other countries are already exploring their own digital currencies.

I think by the end of the year, we should be able to […] We would be in a position, perhaps to start our first trials.

 

Shaktikanta Das, Governor of the Reserve Bank of India

Das stated that the RBI is looking into the possible impact that a digital rupee could have on India’s financial sector, specially prioritizing issues like the monetary policy control.

The governor also said that the bank is exploring the merits of utilizing a centralized or decentralized ledger for the CBDC.

 

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

111 North Bridge Road, 21-01, Peninsula Plaza, Singapore 179098.

Phone: +65-80282938

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us