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With the CBDC retail sandbox, fintech players can access APIs, build prototypes, and test products in a secure, simulated environment
Fintechs can either join the sandbox directly or through their partner banks. The RBI said that the move will encourage faster experimentation and reduce operational risks for participants
The RBI is also developing Unified Markets Interface (UMI) to enable tokenisation of financial assets and settlements using wholesale CBDC.
The RBI has…
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With the CBDC retail sandbox, fintech players can access APIs, build prototypes, and test products in a secure, simulated environment
Fintechs can either join the sandbox directly or through their partner banks. The RBI said that the move will encourage faster experimentation and reduce operational risks for participants
The RBI is also developing Unified Markets Interface (UMI) to enable tokenisation of financial assets and settlements using wholesale CBDC.
The RBI has…
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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