RBI Prioritizes Caution in e-Rupee Rollout

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RBI Prioritizes Caution in e-Rupee Rollout The Reserve Bank of India (RBI) is taking a measured approach to the development and rollout of the e-rupee, its Central Bank Digital Currency (CBDC), to address potential risks to financial stability.

The RBI is closely monitoring international CBDC trends, ensuring India’s approach aligns with global standards and best practices.

Despite these milestones, the digital currency lags far behind India’s widely popular Unified Payments Interface (UPI) in terms of usage and scalability.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaChinaUnited States

Topics: Crypto News E-Rupee Rollout

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 14:36:48 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23739938

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