https://www.taxtmi.com/news?id=26198 The retail pilot introduces Central Bank Digital Currency (CBDC) as a digital token that represents legal tender, issued in the same denominations as cash, non-interest bearing and convertible into bank deposits. It offers cash-like trust, safety and settlement finality, is distributed through participating banks and held in dedicated CBDC wallets on user devices, with the CBDC structured as a central bank liability distinct from ordinary payments-system wallets. en-us Mon, 06 Feb 2023 18:43:08 +0530 Mon, 06 Feb 2023 18:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26198 The retail pilot introduces Central Bank Digital Currency (CBDC) as a digital token that represents legal tender, issued in the same denominations as cash, non-interest bearing and convertible into bank deposits. It offers cash-like trust, safety and settlement finality, is distributed through participating banks and held in dedicated CBDC wallets on user devices, with the CBDC structured as a central bank liability distinct from ordinary payments-system wallets. News - Mon, 06 Feb 2023 18:43:08 +0530 https://www.taxtmi.com/news?id=26198