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RBI launches digital currency retail sandbox

The central bank also rolled out the tokenisation of certificates of deposit (CDs) settled via the wholesale e-rupee

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In a significant push towards digital financial innovation, Reserve Bank of India (RBI) on Wednesday launched a sandbox of retail Central Bank Digital Currency, allowing fintech firms to build and test solutions as part of the ongoing pilot.

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The central bank also rolled out the tokenisation of certificates of deposit (CDs) settled via the wholesale e-rupee. This feature enables the representation of real-world financial assets, such as CDs as secure digital tokens on a blockchain ledger.

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“It will give innovators the space to experiment and build on top of the digital rupee,” RBI Governor Sanjay Malhotra said.

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