India should frame rules and also lead efforts to design global standards for the regulation of such tokens.

Part II of the Vidhi Central Bank Digital Currency (CBDC) blog series

with Aishwarya Narayan, Arisha Salman, Mitali Nikore, Mannat Sharma, Sharmishtha Nanda, Sonal Jaitly and Dr. Sumita Kale

Considerations for the design and development of a Central Bank Digital Currency (CBDC)

RBI has released a standard operating procedure (SOP) for an Inter-operable Regulatory Sandbox (IoRS) prepared by the Inter-Regulatory Technical Group on Fintech under the Financial Stability and Development Council

In RBI’s concept paper on central bank digital currency, the design and privacy aspects need to be elaborated upon

The RBI norms extend to only the regulated entities, while unauthorised apps are the bigger problem

Balancing benefits and risks