Development of the Digital Rupee ₹ (India): Overview | Practical Law

Development of the Digital Rupee ₹ (India): Overview | Practical Law

This Note provides an introduction to the digital Indian rupee, a central bank digital currency (CBDC) to be issued by the Reserve Bank of India (RBI). This Note discusses issues that the digital rupee has been created to address, as well issues it may potentially create, and describes the goals and mechanics of the digital rupee retail and wholesale pilot programs.

Development of the Digital Rupee ₹ (India): Overview

Practical Law Practice Note Overview w-038-6926 (Approx. 6 pages)

Development of the Digital Rupee ₹ (India): Overview

by Sumeet Chugani, Cloaked, and Garv Sultania, Nexus Nodes, with Practical Law Finance
Law stated as of 01 May 2023India
This Note provides an introduction to the digital Indian rupee, a central bank digital currency (CBDC) to be issued by the Reserve Bank of India (RBI). This Note discusses issues that the digital rupee has been created to address, as well issues it may potentially create, and describes the goals and mechanics of the digital rupee retail and wholesale pilot programs.