Reserve Bank of India goes in-depth on its CBDC plans
The Reserve Bank of India (RBI) has released a 51-page report outlining the proposed features of its in-development central bank digital currency (CBDC).
The report details the pros and cons of a digital rupee for India whilst also trying to raise awareness for the reasoning and objectives behind CBDC development.
Key motivations for issuing a CBDC, according to the report, include the promotion of trust, safety, liquidity, and settlement finality.
Reducing the...