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India CBDC Insider Reveals Current Stance of Country's Central Bank

India’s central bank is taking a very cautious approach in developing its digital rupee, a senior official familiar with India’s central bank digital currency (CBDC) pilot programs told CoinDesk, though it's making some progress. The Reserve Bank of India (RBI) is now looking into technology solutions to solve privacy concerns posed by a digital rupee, the official said. While the bank is maintaining a careful stance on crypto, the person said. The RBI isn’t mandated with legislating taxes, so that decision falls out of its purview. The RBI has been pushing the adoption of wholesale and retail CBDC since late 2022 when it launched its pilot programs.

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