'Yes, China is a factor' in India's announcement of a digital Rupee launch, CoinDesk's regulatory reporter amitoj says. Watch more insights into India's crypto legislation, presented by Nexo:
Indian Finance Minister Nirmala Sitharaman announced a 30% tax on any income from the transfer of digital assets on Tuesday.
She also said the digital rupee will most likely be issued by 2023, despite the lack of regulatory clarity. CoinDesk’s India Regulatory Reporter Amitoj Singh discusses what this means for CBDCs and crypto adoption in India following the country’s latest step toward legitimatizing the digital asset space.
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