RBI may pilot test digital currency in Q1FY23

The Reserve Bank of India (RBI) is examining the feasibility of a central bank digital currency (CBDC) and may launch a pilot project during the first quarter of 2022-23, as per media reports. At present, the central bank is examining various issues related to which segment the CBDC should target, wholesale or retail, the validation mechanism and also other issues including distribution channels.

1. https://economictimes.indiatimes.com/news/economy/policy/reserve-bank-of-india-may-launch-digital-currency-pilot-next-year-says-new-report/articleshow/87779292.cms