ChainCatcher reported that according to CoinDesk, Shaktikanta Das, Governor of the Reserve Bank of India, said that although its retail central bank digital currency (CBDC) pilot users have exceeded 5 million, there is no rush to launch a system-wide CBDC before fully understanding the impact of CBDC on users, monetary policy, the financial system and the economy.
Shaktikanta Das said that as many as 16 banks are currently participating in the retail CBDC pilot, but did not disclose the specific number of daily transactions. RBI has previously stated that there is no urgency to implement a full-scale retail CBDC and has not announced a specific timetable. But this time Shaktikanta Das hinted that full implementation may be avoided.
