The Reserve Financial institution of India will begin testing its retail central financial institution digital forex (CBDC), the digital rupee, in Mumbai, New Delhi, Bengaluru and Bhubaneswar with the preliminary participation of 4 banks: State Financial institution of India, ICICI Financial institution, Sure Financial institution and IDFC First Financial institution, it introduced Tuesday.
India to Begin Retail CBDC Pilot in 4 Cities With 4 Banks
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