RBI says digital currency transactions to stay largely anonymous

MUMBAI: Transactions via central bank digital currencies (CBDCs) would remain anonymous “to a certain degree”, a top official at the Reserve Bank of India (RBI) said on Wednesday, adding that technology and legal provisions can be explored to ensure that anonymity.

India started the pilot project for its digital currency, or e-rupee, from November 1, when it was opened for initial trial.

Then only being used by banks for settlements with each other, the scope of the project was expanded to include consumers and retailers-led transactions from December 1.