India's CBDC pilot is planned to be launched in 2022
This was reported by the Reserve Bank representative P. Vasudevan
19.11.2021 - 08:35
637
1 min
0
What’s new? According to the Business Standard portal, the Reserve Bank of India has set a timeline for the launch of a pilot version of the central bank digital currency (CBDC).
News source on the Business Standard website
When is the launch planned? The launch of India's CBDC pilot project will take place in the first quarter of 2022, according to the bank's representative P. Vasudevan. It is not about the calendar quarter, but the fiscal quarter, which will start on April 1. The regulator is currently studying various launch options. The decision on whether it will be a retail or wholesale currency will be taken after this analysis.
“The central bank is also checking if intermediaries can be bypassed altogether and, most importantly, checking if the technology should be decentralized or not,” P. Vasudevan added.
The launch of the CBDC should take place after the bill on the regulation of the cryptocurrency industry in India comes into force. As previously stated, this may happen as early as February 2022.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 860
BTC
-0.28%
-
Ethereum
$3 377.97
ETH
-1.33%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.43
XRP
-2.8%
-
Dogecoin
$0.424175
DOGE
-3.27%
-
Cardano
$1.04
ADA
-3.53%
-
Stellar XLM
$0.532906
XLM
-12.23%
-
Polkadot
$8.8
DOT
-5.65%
-
Bitcoin Cash
$511.59
BCH
-1.33%
-
Litecoin
$97.09
LTC
-4.56%