No hurry for CBDC rollout: RBI dy guv

THE RESERVE BANK of India is in no hurry for a nationwide roll out for the central bank digital currency (CBDC), deputy governor T Rabi Sankar said on the sidelines at the Global Fintech Fest on Tuesday.

- KSHIPRA PETKAR

“We are focussing on creating sufficient use cases, particularly programmable ones,” he said. He added that the basic use-case for CBDC eventually is in the cross-border space. “So, we have to get into a few cross-border arrangements, see how it works.” he said. He further said the digital currency has touched around 7 million users.