News > RBI to introduce digital rupee this year, says Nirmala Sitharaman

RBI to introduce digital rupee this year, says Nirmala Sitharaman

Scroll | 01/02/2022 01:40 PM | Click to read full article

"Introduction of a central bank digital currency will give a big boost to the digital economy," Sitharaman said in her speech.The minister also announced that a tax of 30% will be imposed on any income from the transfer of digital assets.

On November 23, the Union government had said that it will introduce a Bill to ban all private cryptocurrencies in India and introduce an official digital currency issued by the Reserve Bank of India.