digital rupee


Policy

India CBDC Insider Reveals Current Stance of Country's Central Bank

India’s central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks

The retail CBDC pilot is active in more than 15 cities with more than a dozen banks participating.

Shaktikanta Das, Governor, Reserve Bank of India (left) and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

India’s Central Bank Seeking Privacy Legislation for Retail CBDC Users

The RBI is seeking a provision that would allow customers to delete transactions to maintain anonymity if they so choose to.

(L-R) Shaktikanta Das, Governor, Reserve Bank of India and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

Unpacking India's CBDC Pilots as Country Prepares for Digital Rupee

India launched two CBDC pilots last year, a wholesale CBDC and a retail CBDC.

Shaktikanta Das, Governor, Reserve Bank of India (left) and Nirmala Sitharaman, Indian Finance Minister at the G20 Annual Meetings, in Washington DC in October 2022. (Indian Ministry of Finance)

Policy

India's Reliance Retail, Other Merchants Now Accepting Digital Rupee

The pilot phase for India's digital currency has expanded beyond the original four cities.

(Unsplash)

Videos

India’s 30% Crypto Tax Proposal Explained

Indian Finance Minister Nirmala Sitharaman announced the nation’s budget Tuesday, revealing it will tax digital assets at a 30% rate and launch a digital rupee by 2023.

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Videos

India Unveils 2022 Budget Proposing 30% Crypto Tax, Digital Rupee Launch

In her presentation of the Modi government’s budget to Parliament, Indian Finance Minister Nirmala Sitharaman announced plans to launch a digital rupee by next year, and tax income from the transfer of virtual assets at 30%. This comes amid talks of a potential crypto ban in the country.

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