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Low-value transactions via digital rupee to be kept anonymous: Report

On December 1, some users will receive a CBDC wallet containing notes signed by the RBI governor

Illustration: Binay Sinha
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Illustration: Binay Sinha

BS Web Team New Delhi
The Reserve Bank of India (RBI) has reportedly asked the banks to not report low-value transactions made through the digital rupee to ensure that it offers the same degree of anonymity as dealing with cash. According to a report by Economic Times (ET), once the Central Bank-backed Digital Currency (Retail) is transferred to the wallets of the customers, banks will not track the transactions. 

"These transactions don't leave a trace in the core banking system and that's why they are more anonymous than the current digital transactions," a senior banker told ET. They added that this is why RBI has