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🇮🇳 India to launch first retail digital rupee (CBDC) pilot on December 1, 2022.

The first phase will be conducted with State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. Bank of Baroda will be involved in the second phase of the pilot project along with Union Bank of India, HDFC Bank and Kotak Mahindra Bank.

It will be issued as a token (e₹-R)
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