RBI issues concept note on CBDC, plans to launch digital rupee pilot soon

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The Reserve Bank of India (RBI) announced on Friday that the pilot launch of digital rupees for specific use cases will begin soon, and that the concept note for the Central Bank Digital Currency has been released (CBDC).

CBDCs are sovereign currencies issued by central banks to support their monetary policy. The RBI said in a statement that as the extent and scope of the digital rupee pilot launch expands, it will continue to communicate about the specific features and benefits of the digital rupee on a regular basis. The RBI stated in the concept note that it hopes to raise awareness about digital currencies in general and the planned features of the digital rupee in particular.

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RBI issues concept note on CBDC, plans to launch digital rupee pilot soon

The Reserve Bank of India (RBI) announced on Friday that the pilot launch of digital rupees for specific use cases will begin soon, and that the concept note for the Central Bank Digital Currency has been released (CBDC).

CBDCs are sovereign currencies issued by central banks to support their monetary policy. The RBI said in a statement that as the extent and scope of the digital rupee pilot launch expands, it will continue to communicate about the specific features and benefits of the digital rupee on a regular basis. The RBI stated in the concept note that it hopes to raise awareness about digital currencies in general and the planned features of the digital rupee in particular.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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