New Delhi, Feb 13 : Finance Minister Nirmala Sitharaman on Monday told Parliament that India has taken on board the G20 member nations to formulate a standard operating protocol to regulate crypto mining.

Replying to a question on the CBDC during Question Hour in Lok Sabha, she said that digital currency is something which the RBI issues.

"Reserve Bank of India has come up with a pilot project in terms of retail and wholesale use of digital currencies for which there are several sandboxes created, so that user cases can be tested. It is only during this process and immediately after that can there be any kind of understanding on how the retail or the wholesale use of digital currencies will have any spill overs for which any action has to be planned. It has been introduced since last December. We will wait for the outcomes from there," the Finance Minister said in her reply.