FM Sitharaman Urges RBI to Accelerate Wholesale and Retail CBDC Pilots

Finance Minister Nirmala Sitharaman asked RBI to further advance wholesale and retail CBDC pilots as tokenisation gathers momentum, questioning how to balance 'breakthrough efficiency against emerging systemic risk,' per ET BFSI. Builders in blockchain and Web3 should prepare for CBDC integration—digital rupee will become the settlement layer for future financial infrastructure; interoperability with CBDCs will be a competitive requirement.

Source: ET BFSI ↗