09-May-2025
Banking
 
RBI explores govt schemes to boost CBDC adoption
15-Mar-2025

With the use of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to promote the digital rupee. To begin with, banks have started transferring funds using CBDC for the Odisha government’s Subhadra scheme. Discussions are underway with other state governments to use the digital currency for similar programmes.

News Source:- https://www.financialexpress.com/business/banking-finance-rbi-explores-govt-schemes-to-boost-cbdc-adoption-3777175/?ref=business_hp
 
 
 

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