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India: RBI clamps down on illegal digital lending before CBDC pilot next year
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As the regulatory landscape in India is expected to slowly gain clarity on the crypto front, officials appeared bullish on an Indian CBDC next year. As per local reports, a senior central bank officer confirmed,
“I think somewhere it was said that at least by the first quarter of next year a pilot could be launched. So we are bullish on that.”
While there are no hard timelines in place, P. Vasudevan, chief general manager at RBI’s Department of Payment & Settlement said that it is likely in the
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