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In an exclusive piece on October 12, Moneycontrol was the first to report that the RBI had started a wholesale pilot of Central Bank Digital Currency in the call money market
The central bank launched the wholesale pilot of CBDC on November 1, 2022, to settle the settle secondary market transactions in government securities.
BIS announced Projects Mariana and Mandala with Asian central banks. UBS launched its tokenized VCC fund in Singapore. HKEX builds smart contract settlement platform.
Indian authorities have been aggressively pushing the use of India s digital payment products over the last one year in what seems to be a larger driver to internationalise the rupee