Union Budget 2022 | RBI to introduce Digital Rupee
The HinduIn a big ‘no’ to crypto currencies, Digital Rupee will be introduced in India during the 2022-23 financial year, Nirmala Sitharaman said on Tuesday while presenting the Union Budget. Big announcement: RBI will come up with digital money using the block chain technology: @nsitharaman#BudgetSpeech — Sobhana K Nair February 1, 2022 “Introduction of Central Bank Digital Currency will give a big boost to the digital economy. “It is, therefore, proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23,” she added. It is important to understand how other crypto assets will be taxed and whether there will be any specific benefit given to the Digital Rupee,” said Bhatia, partner and leader - tax and regulatory services, BDO India.