India will implement CBDC in stages, according to the RBI Annual Report 2022

India to roll out CBDC

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 […]