The Reserve Bank of India (RBI) has stated that it would implement its central bank digital currency (CBDC) plans via a graded approach and in step with the country's monetary policy. RBI’s ...

India's Crypto Economy is a brand-new weekly ... From the ease of issuance to reducing the settlement risk in the financial system, the CBDC offers a slew of advantages over paper or polymer ...

Nearly five years after China launched its first digital renminbi (e-CNY) trials, only two other Asian countries actually have a functioning retail CBDC: India and Cambodia. Elsewhere in the ...

MobiKwik is now scaling its CBDC project and has launched a full-fledged e-rupee (e₹) acceptance in partnership with the Reserve Bank of India (RBI) and YES BANK. With this, MobiKwik has becom ...

Vipin Bharathan: You have established a CBDC Think tank ... Witness economists designing the “architecture” of stablecoins. Everyone speaks in the language of software development, even ...

All in all, 48 trades were executed using CBDC on the first day of the trial, according to data from the Clearing Corporation of India. “It was indeed a landmark moment in the history of money ...

Currently, 15 banks offer CBDC wallets, RBI's website says. After the announcement, many, including PhonePe, AmazonPay, Google Pay, Mobikwik and Cred, were seeking to join the Indian central bank ...

The US is the furthest from launching its own CBDC amongst the four largest central ... others just want to be a part of the ecosystem. For India, the road is still uncertain.

Cred has introduced the e-Rupee wallet in partnership with Yes Bank, under the RBI's CBDC initiative. This wallet enables UPI-linked transactions and imposes daily and per-transfer limits.

For users without bank accounts, the system would need to provide access points (like that of the m-pesa2 mobile payment system in Kenya) that allow cash-to-CBDC purchases and redemption. The primary ...