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Pilot launch of RBI digital currency set for Q1 of FY23: Senior official

RBI is checking if intermediaries can be bypassed totally, and is also exploring the level of centralisation or decentralisation of the technology

RBI, Reserve Bank of India
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Anup Roy Mumbai
Reserve Bank of India’s (RBI) central bank digital currency (CBDC) may see its first pilot launch in the first quarter of the next fiscal, said a senior central bank official at the State Bank of India’s annual Banking & Economic Conclave on Wednesday.

“I think somewhere it was said that at least by the first quarter of next year a pilot could be launched. So we are bullish on that,” said P Vasudevan, chief general manager at the Dept. of Payment & Settlement of the RBI.

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First Published: Nov 17 2021 | 3:50 PM IST

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