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India's CBDC pilot attracts 5 million users, but full-scale implementation not imminent


2024-08-2615511 Views
Over 5 million users are participating in India's retail CBDC pilot, which involves 16 banks. The Governor of India's central bank has suggested that a full-scale implementation of a CBDC should not be rushed. Speaking at a conference in Bengaluru, the senior official of the Reserve Bank of India (RBI) emphasized caution in rolling out a system-wide CBDC.




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