Further cementing India’s decision to introduce an in-house Digital currency central bank (CBDC) in 2022-23, the Reserve Bank of India (RBI) proposed a three-step graded approach for rolling out CBDC “with little or no disruption” to the traditional financial system.

While we were discussing the budget for 2022 during February, an Indian finance minister was also present Nirmala Sitharaman talked about the digital rupee’s launch to provide a “big boost” to the digital economy. Annual report Published Friday by India’s central bank, RBI revealed exploring the pros and cons of introducing a CBDC.