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India is moving forward with a CBDC pilot program

New information about the Reserve Bank of India's (RBI) central bank digital currency (CBDC) implementation plan has been made public. The digital rupee's pilot program will begin in the 2022-2023 fiscal year, as originally scheduled, but it will only be available to wholesale enterprises at first. A source told Business Standard that the CBDC's layout prevents test subjects from maintaining their privacy.
 

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