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What is Web3 DeFi and how is it set to change how we trade deriviatives or currencies? Can it be used for business borrowing and lending yet?

India is among 18 of the G20 countries that are at an advanced stage of developing central bank digital currencies

With adequate and effective redressal systems in place, CBDC can be potentially used for cross-border transactions and other use cases where challenges posed by physicality can be limiting. Here's how it works

New Delhi, April 7: As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, including State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. Later, it will be extended to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla. The scope of the pilot may be expanded gradually to include more banks, users and locations as needed.

Get latest articles and stories on Business at LatestLY. As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, including State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. Later, it will be extended to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla. The scope of the pilot may be expanded gradually to include more banks, users and locations as needed. Business...