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The Governor of the Reserve Bank of India urged caution: CBDC pilot should not be rolled out hastilyThe Reserve Bank of India (RBI) CBDC pilot program has reached an important milestone of 5 million users. However, RBI Governor Shaktikanta Das said at a conference in Bengaluru on Monday that there should be no rush to fully launch CBDC, but a phased implementation strategy should be adopted to ensure that its potential impact on monetary policy, the financial system and the economy is fully assessed. Governor Das's cautious stance reflects RBI's careful consideration of financial innovation. It is reported that RBI is continuing to study the programmability and offline functions of CBDC, which are expected to improve transaction efficiency and promote financial inclusion. By gradually advancing, RBI aims to ensure that CBDC meets high standards in technical robustness and application security.

The Governor of the Reserve Bank of India urged caution: CBDC pilot should not be rolled out hastily

The Reserve Bank of India (RBI) CBDC pilot program has reached an important milestone of 5 million users. However, RBI Governor Shaktikanta Das said at a conference in Bengaluru on Monday that there should be no rush to fully launch CBDC, but a phased implementation strategy should be adopted to ensure that its potential impact on monetary policy, the financial system and the economy is fully assessed.

Governor Das's cautious stance reflects RBI's careful consideration of financial innovation. It is reported that RBI is continuing to study the programmability and offline functions of CBDC, which are expected to improve transaction efficiency and promote financial inclusion. By gradually advancing, RBI aims to ensure that CBDC meets high standards in technical robustness and application security.
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To promote comprehensive digital transformation, China places blockchain technology at the core of its national data strategy.China's recently released (National Data Infrastructure Construction Guidelines) places blockchain technology at the core of its national data strategy, aiming to enhance data security, transparency, and scalability as a vital component of its broader digital transformation strategy. Agencies such as the National Development and Reform Commission emphasize in the guidelines that blockchain technology is key to achieving trusted data exchange across industries and regions. The document suggests that with the establishment of a nationwide comprehensive data market in China, blockchain networks will play a crucial role in supporting the secure circulation of data, ensuring data traceability, and preventing data tampering.

To promote comprehensive digital transformation, China places blockchain technology at the core of its national data strategy.

China's recently released (National Data Infrastructure Construction Guidelines) places blockchain technology at the core of its national data strategy, aiming to enhance data security, transparency, and scalability as a vital component of its broader digital transformation strategy.

Agencies such as the National Development and Reform Commission emphasize in the guidelines that blockchain technology is key to achieving trusted data exchange across industries and regions.
The document suggests that with the establishment of a nationwide comprehensive data market in China, blockchain networks will play a crucial role in supporting the secure circulation of data, ensuring data traceability, and preventing data tampering.
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