India's digital rupee has seen impressive circulation growth globally, particularly with the Reserve Bank of India's launch of cross-border CBDC pilots. However, domestically, adoption struggles as transaction volumes drop sharply when subsidies end. To address this, the RBI is expanding international pilot corridors to facilitate instant cross-border settlements, reducing intermediary fees. Private fintech players, supported by acquisitions, are enhancing infrastructure integration with major banks. Globally, CBDC efforts vary widely, with different challenges from privacy concerns in the US to delayed rollouts in Russia. Meanwhile, India’s broader crypto sector seeks clearer regulation to retain market participants and attract global exchanges back into the country.
Continue to read India Advances Digital Rupee with Cross-Border Pilot Amid Domestic Adoption Challenges
India's digital rupee has seen impressive circulation growth globally, particularly with the Reserve Bank of India's launch of cross-border CBDC pilots. However, domestically, adoption struggles as transaction volumes drop sharply when subsidies end. To address this, the RBI is expanding international pilot corridors to facilitate instant cross-border settlements, reducing intermediary fees. Private fintech players, supported by acquisitions, are enhancing infrastructure integration with major banks. Globally, CBDC efforts vary widely, with different challenges from privacy concerns in the US to delayed rollouts in Russia. Meanwhile, India’s broader crypto sector seeks clearer regulation to retain market participants and attract global exchanges back into the country.
Continue to read India Advances Digital Rupee with Cross-Border Pilot Amid Domestic Adoption Challenges
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