Unpacking India’s CBDC Pilots as Country Prepares for Digital Rupee

India launched two CBDC pilots last year. The first, a wholesale CBDC effort (CBDC-W), began on Nov. 1 with the participation of nine banks. The other, a retail CBDC (CBDC-R) pilot, launched on Dec. 1 in four cities – Mumbai, New Delhi, Bengaluru and Bhubaneswar. Initially, four banks, including the State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank participated.

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• Source: https://www.coindesk.com/policy/2023/02/08/unpacking-indias-cbdc-pilots-as-country-prepares-for-digital-rupee/?utm_medium=referral&utm_source=rss&utm_campaign=headlines