The Reserve Bank of India (RBI) may start a pilot programme for the wholesale segment of Central Bank Digital Currency (CBDC) in commercial papers (CPs) and certificates of deposits (CDs), said Governor Shaktikanta Das on Monday.
Das said the daily retail transaction volume of CBDC through interoperability with the United Payments Interface (UPI) has reached one million but retail users continue to show a strong preference of the UPI.
He said a more extensive volume of transactions is required to fully grasp the broader economic impact of CBDC, particularly on monetary policy and the banking sector.
Das added that permanent deletion of transactions can make the e-rupee or the CBDC anonymous and at par with paper currency.
"Anonymity can be addressed through legislation and/or through technology. For example, through permanent deletion of transactions," Das said. "The basic principle is that CBDC can have the same degree of anonymity as cash, no more and no less," he added.
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هذه القصة مأخوذة من طبعة May 07, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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