RBI To Soon Release e₹, releases Concept Note on Central Bank Digital Currency

The Reserve Bank of India (RBI) has issued the concept note on Central Bank Digital Currency.The Reserve Bank will soon commence pilot launches of e₹ for specific use cases.Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank. While most central banks across the globe are exploring the issuance of CBDC, the key motivations for its issuance...