RBI to launch retail digital rupee pilot on 1 December
While RBI has identified eight banks for gradual participation in the pilot, the first phase will begin with four of them - State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank.
Mumbai: The Reserve Bank of India (RBI) on Tuesday announced the launch of a pilot for retail digital rupee (e ₹-R) on 1 December with four banks in four cities, a month after testing the wholesale central bank digital currency (CBDC).
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