According to Odaily, Shaktikanta Das, the Governor of the Reserve Bank of India, emphasized the potential of central bank digital currencies (CBDCs) in enhancing efficient cross-border payments. India has once again positioned itself among the few countries that have introduced both wholesale and retail CBDCs. The initiative aims to facilitate cross-border transactions and address significant financial stability concerns associated with cryptocurrencies. A notable challenge, however, is that countries may prefer to design their systems based on national considerations.