The buzzword of the day is ‘CBDC’ or Central Bank Digital Currency (e-rupee) as indicated by the Reserve Bank of India (RBI) in a recent concept paper.
New Delhi: The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of currency and payment systems. “The Reserve Bank proposes to adopt a graded […]
The NDA government’s decision to tax crypto assets without first creating a regulatory framework for their transactions is baffling. Finance Minister Nirmala Sitharaman’s announcement, in her Budget presentation, that any income from transfer of any virtual digital asset would be taxed at the rate of 30% reflects the Centre’s eagerness to dip into the digital […]
