Reserve Bank of India to run digital currency trial


The Reserve Bank of India is looking at running a trial of a central bank digital currency. It is consulting with state-controlled banks and fintechs such as FIS on the project, according to a report by Coin Telegraph.

“FIS has had various engagements with the RBI […] and, of course, our connected ecosystem could be extended to the RBI to experiment various CBDC options,” Julia Demidova said in a report on Moneycontrol. FIS itself has remained fairly active in this space, as it launched a CBDC Virtual Lab on Aug. 25.

Read The Full Story>