CBDC

Economy

RBI says VDAs, including cryptocurrency poses threat to emerging economies like India, opposes its legalisation

The RBI told a Parliamentary panel that virtual digital assets, including cryptocurrencies, threaten emerging economies like India and should remain banned. It cited risks such as terror financing and regulatory challenges

2 min read3 Jul 2026
Opinion

It’s time to tokenize sovereign debt now that India’s e-rupee is ready to help finance evolve

With RBI's e-rupee ready, assets can be tokenized for trading on the same ledger system that underpins this CBDC. This speed transactions up, reduces risk and allows markets to emerge. It could put G-Secs into household portfolios.

5 min read12 May 2026
Opinion

India’s CBDC has got off the ground but where it goes next will depend on how deftly it’s managed

India’s central bank digital currency (CBDC), the e-rupee, is gingerly being tested in the domestic economy. Here, privacy would be key. But its use as a cross-border payment tool will be the far bigger deal, especially in today’s geopolitical context. RBI must move carefully.

4 min read3 May 2026
Opinion

Let’s mBridge the gap: India mustn’t stand aloof as new digital payment mechanisms emerge

In a world of weaponized dollar-based payment rails, CBDC platforms like mBridge offer an alternative. With its e-rupee and digital prowess, India could help shape their evolution. It’s not about disruption, but sovereignty.

3 min read2 Apr 2026
Opinion

Andy Mukherjee: Is China’s interest-paying e-CNY going to challenge the almighty US dollar?

The greenback’s dominance looks intact but China has made a bold move by opting to pay interest on holdings of its digital currency. Together with cross-border linkages that bypass the US-dominated Swift system, it could yet stir a mutiny against the dollar.

3 min read11 Feb 2026
Opinion

Mint Quick Edit | Should digital currencies redesign banking and AI agents take over human jobs?

What technology enables demands debate. A CBDC-led banking revolution may serve us well. But AI agents doing human work? What seems cheap today could prove costly once the AI industry hooks adopters and pushes for profits.

1 min read6 Feb 2026
Economy

Mint Explainer: Why the RBI is wary of stablecoins—Crypto’s measured wing

RBI deputy governor T. Rabi Sankar, speaking at Mint’s Annual BFSI Conclave 2025, has flagged risks associated particularly with stablecoins. Here's why?

6 min read14 Dec 2025
Industry

No rush for e-rupee mass rollout, focus is on new use cases: RBI's Sankar

Estimating the total number of CBDC users at around 7 million, RBI's deputy governor T. Rabi Sankar says the central bank is in ‘no hurry’ to project a target for the number of users or open up the pilots for mass use.

3 min read7 Oct 2025
Opinion

Digital currencies are evolving—but not the way crypto revolutionaries had in mind

Money seems poised for a digital revolution, but don’t be fooled by what crypto revolutionaries are saying. From stablecoins to CBDCs, digital currencies are evolving within state control. Money is too important for states to let go of—how it evolves will be shaped by geopolitics, not tech whizkids.

5 min read5 Oct 2025
Opinion

China’s Yuan takes on the US dollar: What is India’s best bet?

As China attempts to globalize its legal tender, America guards the supremacy of its own and digital currencies gain traction, India should revive Keynes’ idea of a global trade currency. We must also differentiate the e-rupee from the e-yuan.

3 min read15 Sep 2025