Tag: CBDC
-
India to Enforce 30% Crypto Tax, Digital Rupee CBDC by 2022-23
As a means to boost the country’s economic growth, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23. While announcing the fund allocation in the Union Budget, Sitharaman highlighted the importance of digital inclusion across numerous business sectors. In addition to introducing a digital rupee, she said…
-
Crypto Will Be Regulated, Not Banned In India: Cabinet Documents
According to reports from local media, the Indian government is not planning an outright ban on crypto and will instead regulate it. Earlier this month, Cointelegraph reported that the Indian government was considering a bill that would create an official digital currency while banning private cryptocurrencies. On the following day, the news sparked panic selling…