Reserve Bank of India launches digital currency retail sandboxThe RBI's first retail e-rupee pilot, its version of a CBDC, began on December 1, 2022.
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A Reserve Bank of India (RBI) logo.
Credit: Reuters Photo
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.
Total CBDC users in India are about 7 million.