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RBI Announces Digital Rupee. E-Rupee will launch soon on pilot basis


RBI Announces Digital Rupee.  E-Rupee will launch soon on pilot basis

The Reserve Bank said it will soon launch a Digital Rupee or an Electronic Rupee.

Mumbai:

The Reserve Bank of India said today that it will soon begin rolling out a test rollout of a Digital Rupee or an Electronic Rupee for specific use cases as it tests the digital currency in India.

“As the size and scope of such pilot rollouts expands, the RBI will continue to announce specific features and benefits of the e-rupee,” the central bank said in a note. Central Bank Digital Currency (CBDC).

The concept note also discusses key considerations such as choice of technology and design, usability of the digital rupee, and issuance mechanism, among others.

It examines the impacts of CBDC adoption on the banking system, monetary policy, and financial stability, and analyzes privacy issues.

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)

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