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RE: LeoThread 2023-09-15 11:10

in LeoFinance • 2 years ago

🧵 1. Indian banks witness 15,000 retail CBDC transactions per day, aiming for 1 million by year-end: RBI Deputy Governor T Rabi Sankar. #crypto

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🧵 2. Interoperability with UPI QR codes achieved, now focusing on increasing CBDC transactions, says Sankar.

🧵 3. State Bank of India, HDFC Bank, and others enable UPI QR code interoperability with CBDC payments.

🧵 4. RBI looks to expand CBDC use-cases, including offline mode availability, due to lower transaction volumes.

🧵 5. RBI focuses on regulating fintech industry through self-regulatory organization (SRO) and explores channels for foreign investment in India's government bonds.