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
World Ayurveda Congress 2022: WHO prepares Allopathy-Ayurveda module, $30 billion global market
Soon two of the world's biggest medical clinics will be seen simultaneously treating patients on
When and how to use nuclear weapons in Ukraine, Russian army officials are talking
Senior Russian military officials are now discussing when and how to use nuclear weapons in Ukrai
The accused of terrorist attack on a Hindu man in Chakeri, Kanpur were sentenced to death. During
These days, many areas of the country are suffering from scorching heat. The hottest day of
The Delhi High Court will pronounce its verdict on Kejriwal's plea seeking a stay on the trial co
Who did the bomb blast?: New revelation in Rohini blast, police asked for details from Telegram
After the blast in Rohini, Delhi, late night, on Telegram channels run from Pakistan, it is being
A big lapse has come to light in the security of Bollywood superstar Salman Khan. Within two days
Prime Minister Narendra Modi is going to visit America next week. His visit is considered very im
North-west and eastern India are in the grip of severe cold and dense fog. It is extremely cold f
Dhoni accuses IPS of contempt of court: Reached court in match-fixing case
Former Indian cricket team captain Mahendra Singh Dhoni has filed a petition in the Madras High C
