In a significant move, RBI has finally announced the launch of India’s much-awaited CBDC i.e Central Bank Digital Currency , which is a sort of official cryptocurrency… for retail users from December 1. This wouldn’t be a full scale launch of the CBDC. This would just be a pilot project with participation from a few banks..in just a few locations. The idea of launching a pilot project in a select few cities is to test the waters…before embarking on a pan-India operation. The pilot will test the robustness of the entire process of digital rupee creation, distribution and retail usage in real time. In this video, we decode all about this pilot project and the CBDC in itself. But before that, don’t forget to like, share and subscribe to Oneindia.

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