UNSTARRED QUESTION
487. DR. T. SUMATHY (a) THAMIZHACHI THANGAPANDIAN:
Will the Minister of FINANCE be pleased to state:
(a) whether the RBI has started trials of the retail Central Bank Digital Currency (CBDC)/Digital Currency in four big Indian cities and if so, the details and the salient features thereof;
(b) whether the RBI has selected any bank for the operationalisation of the said trials and if so, the details thereof;
(c) whether those selected banks have chosen any individuals/account holders for the trials and if so, the details thereof;
(d) whether it is required for the customer to create a separate e-wallet for the usage of the CBDC and if so, the details thereof and the reasons therefor in view of already existing UPIbased
wallet; and
(e) whether the Government has any plans to make digital currencies merge and interchangeable and if so, the details thereof?
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