India to Launch Pilot of Retail CBDC in Four Cities on Dec. 1

India’s central bank is going to start the pilot of the retail digital rupee on December 1 with the cooperation of four banks including State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank. The Reserve Bank of India on Tuesday said that in the first phase, it will conduct the CBDC Test of the digital rupee in four major cities of India; Mumbai, New Delhi, Bengaluru, and Bhubaneswar. CBDC Test to Include Nine More Cities The pilot will eventually include nine other cities and four additional institutions, according to the central bank. The trial will be undertaken The post India to Launch Pilot of Retail CBDC in Four Cities on Dec. 1 appeared first on Cryptoknowmics-Crypto News and Media Platform .