Indian central bank in talks with 4-5 peers on cross-border CBDC- report

The Reserve Bank of India (RBI), the central bank of the country, is in discussions with its peers in four to five countries to build cross-border transaction rails for central bank digital currency (CBDC) transactions. According to a Business Standard report, the proposed framework would cover both wholesale and retail CBDC use cases. The report added, citing sources aware of the development, that RBI is holding the discussions with central banks in Asia and advanced European economies. The work could ...