India hopes to launch CBDC nationwide by the end of 2023

ChainCatcher news, according to Coindesk, informed sources say that India aims to launch its central bank digital currency nationwide by the end of 2023.

It is reported that India launched two CBDC pilots last year. The first is CBDC-W, which started on November 1, involving 9 banks. The second is CBDC-R, which launched on December 1 in four cities: Mumbai, New Delhi, Bangalore, and Bhubaneswar. CBDC-R is applicable to the private sector and Indian citizens, while CBDC-W is limited to financial institutions and aims to enhance the efficiency of interbank payments.

Additionally, according to the Atlantic Council's Central Bank Digital Currency Tracker, 105 countries representing over 95% of global GDP are exploring CBDCs. (source link)