India's CBDC will see the light of day during the next financial year, while income generated from crypto should be taxed by 30%, the country's Finance Minister stated.
India’s CBDC to Arrive in the Next Fiscal Year, Crypto Income to be Taxed 30%India’s CBDC will see the light of day during the next financial year, while income generated from crypto should be taxed by 30%, the country’s Finance Minister stated.
The second-most populated nation displayed intentions to roll out a central bank digital currency last year. In August, the Reserve Bank of Indiait would launch trial programs to examine how a potential e-rupee would interact with the local monetary system. One of the biggest proponents of implementing comprehensive rules in the industry is India’s Prime Minister – Narendra Modi. Several months ago, hedemocratic countries like Australia and other states in the Indo-Pacific region to work together and design a regulatory framework for digital assets.
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