 "Cryptocurrency")
India's finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology.
"Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system," Nirmala Sitharaman said on Tuesday while presenting the federal budget.
India's central bank has voiced "serious concerns" around private cryptocurrencies on the grounds that these may cause financial instability.
ALSO READ: 2022 Union Budget Highlights
ALSO READ: 2022 Union Budget Highlights
The Indian government has also decided to levy 30%
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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