RBI's proposed digital rupee: 10 things to know

RBI released a concept note on Digital Rupee (e-Rs) on 7 October 2022

The Government of India also announced Launch of CBDC in its 2022 Union Budget

According to RBI's concept note, the central bank will start a pilot launch of the digital rupee in India

As mentioned in the concept note of RBI

Note, Digital Rupee is still in planning stage

Its final shape may change based on the results of RBI's pilot tests

E-rupee or digital rupee is a digital version of the Indian rupee.

But RBI has not decided on it yet.

RBI will issue it. It cannot be mined like bitcoin

RBI has proposed a model where it (RBI) issues e-rupee but commercial banks distribute it

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