The Reserve Bank of India seeks to delete clauses to address CBDC’s privacy issues
According to reports, a senior source said that the Central Bank of India is advocating legislation to allow users of its retail Central Bank Digital Currency (CBDC) to delete any transactions in the online ledger to remain anonymous. The Reserve Bank of India (RBI) is currently conducting retail and wholesale CBDC pilot projects. Retail CBDC is currently active in at least 15 cities. According to the source, the latest data shows that more than 100000 customers and 13 banks have participated in the pilot project.
Interpretation of this information:
The Central Bank of India is pushing for legislation that would allow users of its retail Central Bank Digital Currency (CBDC) to delete transactions from the online ledger for anonymous purposes. The Reserve Bank of India (RBI) is conducting both retail and wholesale CBDC pilot projects, with the retail CBDC currently in operation in 15 cities. Over 100,000 customers and 13 banks have participated in the pilot project.
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