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Business & Finance

India’s central bank launches digital currency retail sandbox

Published Updated
Photo: Reuters
Photo: Reuters

The Reserve Bank of India (RBI) on Wednesday launched a retail sandbox for its central bank digital currency (CBDC), allowing fintech firms to build and test solutions as part of the ongoing pilot, Suvendu Pati, chief general manager at the Reserve Bank of India, said.

The RBI’s first retail e-rupee pilot, its version of a CBDC, began on December 1, 2022.

India’s central bank proposes changes to credit risk rules for lenders

Total CBDC users in India are about 7 million.

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