India’s e-rupee follows China’s digital currency lead

TOKYO – China wasn’t a big talking point on Tuesday (February 1) when Indian Finance Minister Nirmala Sitharaman announced plans for a digital rupee.

But the huge head-start enjoyed by Asia’s No 1 economy is written between the lines in bold font as the region’s No 3 financial power jumps on the e-currency bandwagon.

The same week New Delhi shared plans for a central bank digital currency, or CBDC, Beijing was gearing up for its biggest trial yet at the Winter Olympics, which start on Friday.

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