India Expands CBDC Pilot Program, Adding New Features and Addressing Privacy Concerns

The Reserve Bank of India (RBI) has expanded its Central Bank Digital Currency (CBDC) pilot program, aiming to broaden both retail and wholesale applications. According to CNBC’s latest report, the RBI is integrating new use cases and features for the digital rupee. This initiative comes on the heels of the central bank’s commitment to modernize India’s financial ecosystem and strengthen customer service through enhanced transparency in the financial infrastructure.