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The RBI Governor voiced concerns that countries choosing to design their own CBDC systems based on local market conditions could hinder efforts to harmonize global CBDC standards. To address this challenge, Das proposed developing a plug-and-play system that would enable countries to replicate India’s experience while preserving their sovereignty. However, he did not elaborate further on this suggestion at this time.

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RBI Governor Seeks Faster Remittance as eRupee Trials Progress

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The Reserve Bank of India (RBI) Governor has emphasized the need to reduce both the […] The post RBI Governor Reaffirms Support For CBDC In India For Cross-Border Payments appeared first on .

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RBI Governor Reaffirms Support For CBDC In India For Cross-Border Payments

RBI Governor Hints at CBDC for Cross-Border Payments and Security Against Crypto Risks India will soon make cross-border payments a reality with the introduction of Central Bank Digital Currency. The governor of the Reserve Bank of India, or RBI, Shaktikanta Das, says that with CBDC, cross-border money transfer will be cheaper and faster than it previously was. Das, while speaking recently at the “Central Banking at Crossroads” conference, broug…

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RBI Governor Shaktikanta Das Touts CBDC for Cross-Border Payments and Crypto Risk Mitigation

India has the potential to facilitate efficient cross-border payments using Central Bank Digital Currency according to the Reserve Bank of India governor Shaktikanta Das. According to a local report, during his keynote address at the conference on Central Banking at…

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RBI governor touts CBDC to enhance cross-border payments and safeguard against crypto risks

India has the potential to facilitate efficient cross-border payments using Central Bank Digital Currency according to the Reserve Bank of India governor Shaktikanta Das. According to a local report, during his keynote address at the conference on Central Banking at Crossroads, Das reaffirmed his support for CBDCs to improve international money transfers, as a part of ongoing efforts to cut the time and cost of overseas remittances. Das highligh…

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RBI governor touts CBDC to enhance cross-border payments and safeguard against crypto risks - TECHTELEGRAPH

RBI Governor Seeks Faster Remittance as eRupee Trials Progress

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