India Looks Forward To Launch CBDCs Through A Classified Proposal

The Reserve Bank of India (RBI) proposed a three-step graded method for rolling out CBDC “with little or no interruption” to the old financial system, and also confirmed India’s plan to introduce an in-house central bank digital currency (CBDC) in 2022-23. Indian finance minister Nirmala Sitharaman mentioned the launch of a digital rupee in February …