India will implement CBDC in stages, according to the RBI Annual Report 2022
RBI is in the process of validating the feasibility and functioning of introducing a CBDC halfway through 2022, at the proof of concept stage. 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, further confirming India’s plan to introduce […]