RBI’s digital rupee trial could begin by December: Governor Shaktikanta Das

RBI Governor Shaktikanta Das said that the pilot of the central bank digital currency could begin as early as December 2021. 

New Delhi: It’s no secret that the Reserve Bank of India (RBI) has been doubling down on its efforts to launch a central bank digital currency (CBDC) or what could be known as a digital rupee in the coming future.  Now, the central bank’s governor Shaktikanta Das has revealed that the pilot of the central bank digital currency could begin as early as December 2021. “The Reserve Bank of India may launch its first digital currency trial programs by December," Das told CNBC in an interview.  He also pointed out that the RBI is extremely careful about the project since it’s completely a new product ‘not just for RBI, but globally’. “I think by the end of the year, we should be able to — we would be in a position, perhaps — to start our first trials," he was quoted as saying.