CBDC: RBI's digital currency got a good start on the very first day, with 275 crore transactions in 48 transactions

Posted on 2nd Nov 2022 03:01 pm by rohit kumar

RBI's digital currency has got off to a good start. It was launched on 1 November. Explain that under the pilot project of CBDC, banks have been allowed to use it for transactions of government securities i.e. government securities only in the wholesale segment. Nine banks are involved in this pilot project. Many of these banks have done 48 transactions involving government bonds using digital virtual currency on the very first day of launch, their value is around Rs 275 crore.

 

 

 

The RBI has currently approved CBDC as a pilot project. It will be carried forward in several phases in the future and during this time everyone will be allowed to use it after removing the flaws. The nine banks that have been initially allowed to participate in the pilot project of CBDC are State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC. Banks are included.

 

Also Read: RBI launches pilot digital currency: No need to keep cash, CBDC wholesale starts with 9 banks

Other news

Gadar 2 Box Office Collection: The box office was also forced to kneel before 'Gadar 2', the collection crossed 250 crores

Gadar 2 Box Office Collection Day 6: Sunny Deol's film Gadar 2 is working as per its name. The fi

B-21: B-21 raider can wreak havoc anywhere in the world, more dangerous than Rafale and this modern bomber will dodge radar

The world's most dangerous and advanced aircraft B-21 has joined the US Air Force fleet. Advance

Kho Gaye Hum Kahan: Saba Azad's song came into limelight, and Hrithik Roshan's reaction to girlfriend's song went viral

Kho Gaye Hum Kahan Trailer Launch: After the success of 'Dream Girl 2', Ananya Pandey is ready to

Lok Sabha Election 2024: Rajinikanth, Dhanush, and Kamal Haasan cast their vote in Chennai, this superstar reached the first

Lok Sabha elections have started. All the political parties have entered the political arena to t

Wholesale Inflation: Wholesale inflation reached 21-month low of 5.85% in November

India's wholesale inflation eased to a 21-month low of 5.85 percent in November, according to dat

Heroin weapons came again from across the border in Punjab: BSF chased the drone at midnight; 7.5 kg heroin, pistol-cartridge recovered

7.5 kg heroin, pistol, and cartridges have been recovered from India-Pakistan International Borde

Corona cases are breaking records in India, number of Covid patients crosses 4000; Centre asks states to be prepared.

At least 276 Covid-19 cases were reported in India during the last 24 hours, taking the total num

Opposition uproar in both houses of Parliament: Rajya Sabha adjourned 3 times; Opposition walks out of Lok Sabha over rising petrol prices

The proceedings of the winter session of the Parliament started on Thursday also due to the rucku

'You will have to go to the police station', SC gave the order in Ranveer Allahbadia case; said- 'No license to say anything'

The Supreme Court on Tuesday reprimanded YouTuber Ranveer Allahabadia for using obscene language

CBSE 12th Result 2024: Trivandrum leads with a 99.91% pass percentage, know region-wise pass percentage here

CBSE 12th Result 2024: CBSE Board has released the class 12th result. Class 12th students ca