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India’s Central Bank Set To Launch Wholesale CBDC Pilot On November 1

The RBI will roll out the first pilot in the Digital Rupee wholesale segment on November 1. The use of the wholesale CBDC pilot is to improve efficiency in settling market transactions.

India To Develop Standard Operating Procedures For Crypto During G20 Presidency

According to the Finance Minister of India, the nation will focus on creating a regulatory framework for cryptocurrency during its G20 presidency next year.

India’s Central Bank To Adopt CBDCs In A Bid To Combat Crypto Threat

India move to CBDC as a measure to eliminate the perceived threat of cryptocurrencies.