US EditionIndian Banks to Pilot Tokenized Deposits as Finance Minister Hints at Regulation
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India Plans RBI Digital Currency Launch While Dismissing Unbacked Cryptocurrencies
India will launch a new digital currency backed by the Reserve Bank of India. Commerce Minister Piyush Goyal made this announcement during his visit to Qatar. The minister stated the system will make transactions faster and more transparent than traditional banking.Cointelegraph reported the announcement came on Tuesday. The RBI also plans to launch a pilot program for deposit tokenization on Wednesday. RBI's chief general manager Suvendu Pati c…
RBI to Introduce Pilot for Deposit Tokenisation Using CBDC Layer: Report
The Reserve Bank of India is set to begin a pilot for deposit tokenisation, leveraging the wholesale CBDC as its base. The initiative will test blockchain-based deposits for improved speed, security, and transparency in regulated financial markets. Officials also plan to explore tokenising money market instruments, including commercial papers, as part of the broader push to modernise banking infrastructure while maintaining robust regulatory ove…
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