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Over 70 Lakh Indians Participate in RBI’s Digital Rupee Pilot

The Reserve Bank of India’s central bank digital currency initiative reaches millions of users across the country.

Summary

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Terms & Concepts
  • CBDC: A Central Bank Digital Currency is a digital form of fiat money issued and regulated by a country’s central bank.
  • Digital Rupee: India’s central bank digital currency launched by the Reserve Bank of India to provide a secure and regulated digital payment option.