The Indian government has directed the country's central bank to begin developing a central bank digital currency (CBDC) while imposing new taxes on crypto assets. Finance minister Nirmala Sitharaman unveiled a set of new taxes on crypto asset transactions in her budget speech yesterday, announcing that the government will take 30% of "any income from the transfer of any virtual, digital asset", as well as a "tax deducted at source" of 1%. Sitharaman also proposed a "digital rupee" shou...
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