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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

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5 min read Last Updated : Nov 18 2021 | 12:16 AM IST

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.

The central bank senior officials had earlier said the work

Topics : Reserve Bank of India RBI digital currency

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