India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users

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India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users
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SCOOP: India's central bank (RBI) is asking the government for legislation that would allow customers of its retail CBDC to delete transactions in order to maintain their anonymity. By amitoj

Explore the policy fallout from the 2022 market crash, the advance of CBDCs and more.

"The latest numbers show that more than 100,000 customers and 13 banks are participating in the pilot now," the source said. "We are working on how to ensure privacy is maintained in our CBDC," the source said."We are asking the government to provide a legal backing in the form of legislation that will allow customers to delete transactions to maintain anonymity if they so choose to."have been concerned about the potential surveillance aspects

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