India has announced the upcoming launch of the country's central bank digital currency, the digital rupee, to be issued by the Reserve Bank of India (RBI). CBDC crypto cryptocurrency
India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI
It is, therefore, proposed to introduce digital rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23. He continued: “The government does not recognize private cryptocurrencies as legal tender. If people keep those as assets they can but there will be a 30% tax on them.” The Indian government refers to all non-RBI-issued cryptocurrencies, including bitcoin and ether, as “private” cryptocurrencies.taxing income from cryptocurrency transactions at 30%.
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