RBI To Launch Digital Rupee pilot for wholesale segment to from November 1
The Reserve Bank of India (RBI) is all set to start a pilot project with its own virtual currency The Reserve Bank of India (RBI) will become one of the first major central banks in the world to start a pilot project with its own virtual currency when the wholesale digital rupee is used on a trial basis from Tuesday — initially for settlement of transactions in government securities. The banking regulator said on Monday that though the pilot project will initially be limited up to government securities but a retail version of the digital rupee will be launched in a month. Nine banks were identified for participation in the wholesale […]