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RBI’s tokenization pilot covering Certificates of Deposit, settled through wholesale CBDC rails, is best described as:

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1. RBI’s tokenization pilot covering Certificates of Deposit, settled through wholesale CBDC rails, is best described as:

The same thing as the retail Digital Rupee (e-Rupee)

A distinct instrument from general RWA tokenization and from the retail Digital Rupee

A private cryptocurrency with no RBI involvement

A scheme run entirely by SEBI, not the RBI

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