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India to explore wholesale, retail CBDCs, ‘will release pilot, whichever is ready first’
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ambcrypto.comChina’s digital yuan CBDC is seeing formidable rates of adoption. Meanwhile, Australia reported on the “successful completion” of its research for the Project Atom CBDC. Adding to that, Project Jura saw the Banque de France and the Swiss National Bank finishing up a cross-border wholesale CBDC transfer trial, which was also “successful.”
Now, the Reserve Bank of India is reportedly joining the digital currency race with not one, but two CBDCs.
According to the local Economic Times’ BFSI report, the Reserve Bank of India plans to explore both wholesale and retail CBDCs. The publication quoted the Deputy Governor of the Reserve Bank, T. Rabi Sankar, who reportedly said,
“A lot of work has been done on wholesale based CBDC while retail is
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