Where does India stand on central bank digital currency?

Sixteen of the 90 countries in the world are in the pilot stage of central bank digital currencies

On Monday, finance minister Nirmala Sitharaman announced in Parliament that the Centre had not received any proposal to recognise bitcoin as a currency in India. Additionally, she said that the Reserve Bank of India had recommended widening the definition of “bank notes” to include central bank digital currency (CBDC).

While the cryptocurrency bill is awaited, analysis shows that India is not the only major economy developing a central bank digital currency.

Data from Atlantic Council’s database shows