Cointelegraph’s RBI Annual Report

India to use tiered approach to launch CBDC: RBI annual report

Further consolidating the Indian introduction of internal Central Bank Digital Currency (CBDC) In 2022-23, the Reserve Bank of India (RBI) has proposed a three-step tiered approach for launching a CBDC with “little or no disruption” to the traditional financial system.

In February, while discussing the 2022 budget, India’s finance minister Nirmala Sitharaman talks about digital rupee rollout Provide a “big boost” for the digital the annual report release On Friday, India’s central bank, the RBI, revealed the pros and cons of exploring the introduction of a CBDC.