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Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Ajay Kumar Choudhary Executive Director of fintech at the Reserve Bank of India (RBI) has said that the Central Bank is promising to the process of executing the rollout of the digital rupee.

Reserve Bank of India Phased retail and wholesale CBDC implementation still in the works.jpg

The executive remarked while delivering a keynote address at the pickup Fintech Conference and Awards organized by the FICCI Ajay Kumar expressed that the RBI would leverage the Union Budget 2022-2023 that gives legal backing to the CBDC to implement it in a phased manner for wholesale and retail segments.

Also, Ajay Kumar added RBI is working on the phased implementation of a CBDC in both retail and Wholesale segments.

Read full news at : https://cryptounity.news/reserve-bank-of-india-phased-retail-and-wholesale-cbdc-implementation-still-in-the-works

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