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
(e) whether the Government has any plans to make digital currencies merge and interchangeable and if so, the details thereof?