India says it will launch digital rupee as soon as this year

India says it will launch digital rupee as soon as this year

India’s finance minister has said the country will launch a digital version of the rupee as early as this year.

In her annual budget speech, Nirmala Sitharaman also outlined plans for a 30% tax on income from digital assets.

It would put profits from trading or transferring cryptocurrencies and non-fungible tokens in the country’s highest tax band.

 

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