India’s retail CBDC pilot has over 5 million users with as many as 16 banks participating. The nation’s central bank Governor hinted at the possibility of avoiding a full-scale implementation.
India’s central bank Governor Shaktikanta Das has said that while their retail central bank digital currency (CBDC) pilot has over 5 million users, there should not be in any rush to roll out a system-wide CBDC.
The senior most official of the Reserve Bank of India (RBI) was speaking at at a conference in Bengaluru on Monday.
India’s plans for a retail
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