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India’s Central Bank RBI To Soon Launch CBDC Pilot | Bitcoinist.com

India's Central Bank RBI To Soon Launch CBDC Pilot | Bitcoinist.com thumbnail

India’s Central Bank, the Reserve Bank of India, is soon to commence the launch of its CBDC, which is the Central Bank Digital Currency aimed at specific use cases.

The Reserve Bank of India has stated that there could be “multiple technological options which shall be tested and, based on the outcomes, the final architecture shall be decided.”

Recently, India’s Central Bank published a report which was called the “Concept Note on Central Bank Digital Currency.”

It was a 51-page document that spoke and elaborated on the objectives, choices, benefits, and risks of issuing a Central Bank Digital Currency (CBDC) in India.

India has been looking into the pros and cons of introducing a CBDC for a long time.

The Reserve Bank of India has further provided clarification that the digital rupee “is substantially not d

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