Indian Central Bank RBI to Adopt Graded Approach for Launching CBDC

• Reserve Bank proposes to adopt a graded approach to the introduction of CBDC. CBDC will conform to the existing objectives of monetary policy, financial stability, etc.
• According to a report from the Hindustan Times, the Reserve Bank of India on May 27, 2022, proposed to adopt a graded approach for the launch of the central bank digital currency.
• The Reserve Bank is engaged in the introduction of a central bank digital currency in India.

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