Digital Rupee

Retail/Wholesale: Retail, Wholesale → Wholesale

Link to announcement: web.archive.org

Retail/Wholesale: Wholesale → Retail

Link to announcement: www.financialexpress.com

Link to announcement: www.rbi.org.in

Link to announcement: rbidocs.rbi.org.in

Link to announcement: www.thehindubusinessline.comwww.ledgerinsights.com

Link to announcement: www.reuters.com

Link to announcement: rbi.org.in

Link to announcement: rbi.org.in

Link to announcement: rbidocs.rbi.org.inwww.ledgerinsights.com

Link to announcement: rbi.org.in

Link to announcement: www.rbi.org.in

Link to announcement: www.rbi.org.in

Link to announcement: www.reuters.com

Link to announcement: www.ledgerinsights.com

Structure: Token

DLT / non-DLT: DLT

Main motivation/goals of the CBDC: The main motive is to create awareness about CBDCs in general and the planned features of the digital Rupee, in particular. RBI's note also seeks to explain the Reserve Bank’s approach towards introducing a digital Rupee. This approach is governed by two basic considerations – to create a digital Rupee that is as close as possible to a paper currency and to manage the process of introducing digital Rupee in a seamless manner. → The main motive is increase efficiency and decrease risks by utilizing instant settlement and programmability to return funds at specific times without delays.

Link to announcement: www.ledgerinsights.com

Link to announcement: www.moneycontrol.com

Link to announcement: news.bitcoin.com

Link to announcement: www.reuters.com

Link to announcement: www.rbi.org.in

Link to announcement: www.newindianexpress.comwww.coindesk.com

Link to announcement: techcrunch.com

Main motivation/goals of the CBDC: The main motives of the RBI are reducing physical cash management's operational costs, fostering financial inclusion, payment system resilience and efficiency, and cross-border payments. → The main motive is to create awareness about CBDCs in general and the planned features of the digital Rupee, in particular. RBI's note also seeks to explain the Reserve Bank’s approach towards introducing a digital Rupee. This approach is governed by two basic considerations – to create a digital Rupee that is as close as possible to a paper currency and to manage the process of introducing digital Rupee in a seamless manner.

Link to announcement: www.coindesk.com

Research → Pilot

Link to announcement: economictimes.indiatimes.com

Link to whitepaper: rbi.org.in

Main motivation/goals of the CBDC: More efficient and cheaper currency management system. Also, will boost digital economy of the country. → The main motives of the RBI are reducing physical cash management's operational costs, fostering financial inclusion, payment system resilience and efficiency, and cross-border payments.

Link to announcement: www.coindesk.com

Link to announcement: www.moneycontrol.com

Retail/Wholesale: Retail → Retail, Wholesale

Description: The Reserve Bank of India will introduce CBDC in the 2022-2023 financial year which begins on 1st April → The Reserve Bank of India is working on a phased implementation of both retail and wholesale CBDC.

Link to announcement: theprint.in

Description: The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of 2022 → The Reserve Bank of India will introduce CBDC in the 2022-2023 financial year which begins on 1st April

Main motivation/goals of the CBDC: Various initiatives are underway to realise India's vision on payment systems. RBI seeks to usher in a payment ecosystem that enables safe, quick and affordable digital payments to everyone across the length and breadth of the country. → More efficient and cheaper currency management system. Also, will boost digital economy of the country.

Link to announcement: www.cnbc.comwww.ledgerinsights.com

Description: RBI mentioned importance of CBDC and further Research in it's newly released booklet - Payment and Settlement System in India → The Reserve Bank of India's digital currency may see its pilot launch in the first quarter of 2022

Link to announcement: www.reuters.com

Link to announcement: www.rbi.org.inwww.rbi.org.in

Cancelled → Research

Description: RBI mentioned importance of CBDC and further Research in it's newly released booklet - Payment and Settlement System in India

Main motivation/goals of the CBDC: Various initiatives are underway to realise India's vision on payment systems. RBI seeks to usher in a payment ecosystem that enables safe, quick and affordable digital payments to everyone across the length and breadth of the country.

Link to announcement: rbidocs.rbi.org.in

None → Cancelled

Announcement Year: 2020

Retail/Wholesale: Retail

Link to announcement: www.ledgerinsights.comblockchain.newscointelegraph.com

Country / Region: India

Central Bank(s): RBI