India Plans Phased Central Bank Digital Rupee Launch.

(Bloomberg) -- India's central bank is working toward a phased introduction of a digital currency and will put forth a final design after it has conducted large scale pilot projects. The Reserve Bank of India is exploring the option of implementation of an account-based central bank digital currency or CBDC for the wholesale segment and token-based currency for the retail sector, it said in a paper released on Friday. [Extracted from the article]