08.09.202213:07 Forex Analysis & Reviews: India moves on to the next phase of CBDC development

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

India has moved on to the next phase of its CBDC development. The Reserve Bank of India (RBI) asked four state-owned banks to start testing the digital currency as the country prepares for its full launch by the end of 2022.

The decision came despite the fact that the central bank is seeking a ban on cryptocurrency trading in the country, highlighting the difference in perception of CBDC and public cryptocurrencies. According to local media reports, the RBI selected the State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda to carry out the project domestically

The central bank is also said to be in talks with several fintech companies linked to the development of the digital rupee, including US-based Fidelity National Information Services (FIS).

FIS Senior Director Julia Demidova said they are currently advising several central banks on various CBDC-related matters, including offline payments, programmable payments, a new set of monetary policy instruments, interest rate CBDCs, partial banking matters, financial inclusion and cross-border CBDC payments.

The RBI is currently planning to introduce the digital rupee in stages over the current fiscal year ending in March.

India Finance Minister Nirmala Sitharaman previously spoke positively about the prospects for CBDC and how it can facilitate the settlement of large transactions between countries or institutions. In her words, there are distinct advantages to having a digital currency run by a central bank, because these days the massive payments that take place between countries, large transactions between institutions, and large transactions between the central banks of each country themselves are better supported by digital currency.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.