Finally, the retail pilot of the RBI’s digital retail rupee app went live on December 1, 2022. Touted as the e-Rupee or digital rupee, the RBI’s central bank digital currency (CBDC) is an electronic form of Indian currency. Here’s all you need to know about the retail pilot launch of RBI’s digital rupee, according to the CBDC notifications issued on October 7 and November 29, 2022. Retail digital rupee can provide access to safe money for payment and settlement as it is a direct liability of the central bank, believes…
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