India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ PlansIndia: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1.

India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of an interdepartmental group to look into potential advantages and feasibility.

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