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Tag Archives: Digital Rupee

Reserve Bank of India Rolls Out Pilot Phase ahead of Digital Rupee Launch

The RBI is test-running its digital rupee in numerous banks and Indian cities as it nears the official launch of the CBDC. Ahead of the proper launch of the digital rupee, the Reserve Bank of India (RBI) has decided first to conduct a pilot rollout of the virtual fiat. According to the Indian central bank, eight banks will participate in the project, which will occur in two phases. The first phase will feature four banks: Yes Bank, the State Bank of India, ICICI Bank, and IDFC First Bank....

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The RBI Is Getting Its Digital Rupee Ready

The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digital rupee is slated to be used for purchases of goods and items amongst everyday residents. The RBI Is Boosting the Use of Its Digital Rupee Pratik Gauri – co-founder and CEO of 5ire, a blockchain company – explained in a recent interview: I believe blockchain and decentralization are necessary...

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The RBI Could Issue a Digital Rupee Soon

The Reserve Bank of India (RBI) is considering the release of a new digital version of the rupee, the national currency of India. The RBI Could Soon Unveil the Digital Rupee In a document explaining the process, the RBI stated the following: E-rupee or digital rupee will provide an additional option to the currently available forms of money. It is substantially not different from banknotes, but being digital, it is likely to be easier, faster, and cheaper. The RBI says...

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Report: India Has No Plans for a Digital Rupee

Not long ago, it was reported that the Reserve Bank of India (RBI) was planning to not only regulate cryptocurrency, but it would also be unveiling a digital version of the rupee, the official currency for the nation. While nothing can be said about the regulation, it has been confirmed by the RBI that there are presently no plans to unleash a digital rupee. India Will Not Create a Digital Rupee After All The news was released by Minister of State for Finance Pankaj...

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India Will Regulate Crypto and Unveil the Digital Rupee

In what is arguably one of the biggest 360s the world of crypto has ever seen, India has announced that it will not be banning crypto. Rather, it will tax crypto-based income, work to regulate the space, and is even planning to launch a virtual version of the country’s currency called the digital rupee. India Is Set to Regulate Crypto This is one of the biggest changes a country has ever exhibited when it comes to crypto. There was a long period when India had a very...

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