India: Launch of Central Bank Digital Currency Wholesale Pilot
Description
Launch of Central Bank Digital Currency Wholesale Pilot
On 1 November 2022, the Reserve Bank of India (RBI) launched a pilot for a Central Bank Digital Currency (CBDC) Wholesale in India (e₹-W). In the first part of the pilot, the digital rupee will be used for government securities when conducting secon…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body