Hey ,
My dear Techie’s
Recently on Feb 1 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.
This would include profits from trading or transferring cryptocurrencies and non-fungible tokens in the country’s highest tax band. India is the latest major economy to announce an official virtual currency, as China trials the digital yuan.
Ms Sitharaman have mentioned on Tuesday that “Introduction of a central bank digital currency will give a boost, a big boost to (the) digital economy,”.
“Digital currency will also lead to a more efficient and cheaper currency management system,” she added.
So let me know your opinions on the same in the comment section.
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