Regulation is the first step towards mainstream adoption, right? India's 2022-23 CBDC launch may see the introduction of a 30% crypto tax.
In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency by 2022-23 as means to boost the country’s economic growth.
Speaking about the launch of a digital rupee, she added that the introduction of a CBDC will provide a “big boost” to the digital economy. She also highlighted the possibility of a more efficient and cheaper currency management system made possible by digital currencies.
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