New Delhi, July 2 -- The Parliamentary Standing Committee on Finance on Thursday held an extensive review meeting with officials of the Reserve Bank of India (RBI) and representatives of the Institute of Chartered Accountants of India (ICAI) to assess the progress of India's Central Bank Digital Currency (CBDC), popularly known as the digital rupee

They also examinined the broader regulatory and operational landscape surrounding virtual digital assets (VDAs).

The meeting assumes significance at a time when India is attempting to strike a balance between encouraging financial innovation and maintaining monetary and financial stability.

While the RBI has been steadily expanding pilot projects for its sovereign digital currency, privately...