7.2.2022 | India announced to launch Digital Rupee within this year
As China trials the digital yuan, India also announced to launch an official virtual currency of their own.
In her annual budget speech, India’s finance minister – Nirmala Sitharaman said the country will launch a digital version of the rupee as early as this year and outlined plans for a 30% tax on income from digital assets.
"Introduction of a central bank digital currency will give a boost, a big boost to (the) digital economy," Ms Sitharaman said on Tuesday. "Digital currency will also lead to a more efficient and cheaper currency management system," she added.