2 years ago
RBI announces launch of first pilot for retail digital rupee
India TV NewsThe Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail Pilot, the RBI said the pilot would cover select locations in closed user groups comprising participating customers and merchants. The RBI further said the e₹-R would offer features of physical cash like trust, safety and settlement finality.
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History of this topic
6 months, 1 week ago
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2 years, 1 month ago
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3 years, 5 months ago
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