India's CBDC Has 5M Users, Can be Phased in Gradually: Central Bank Governor

India's central bank Governor Shaktikanta Das announced that their retail central bank digital currency (CBDC) pilot has attracted over 5 million users. However, he emphasized the need for caution, advising against rushing into a full-scale CBDC rollout. This approach highlights the bank's commitment to careful planning and assessment before implementing such a transformative financial system. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk

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