India to make its digital currency programmable
ID: f3574c6e-4416-50c8-9a2f-a4f94adb0f67
STIX ID: report--f3574c6e-4416-50c8-9a2f-a4f94adb0f67
Feed Name: The Register (Security)
The Reserve Bank of India plans to enhance its retail CBDC by introducing programmability (e.g., targeted disbursements, business expense controls, potential geo-fencing) and offline payments through phased pilots, while pursuing a principle-based framework for digital payment authentication beyond SMS OTP. Officials position these initiatives as drivers of economic development, and India may also seek to end the 1998 moratorium on tariffs for digital goods to increase revenue.
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