Crypto Profits Write For Us: India Plans to Tax Cryptocurrency Profits? India plans to launch a digital version of the rupee, becoming the latest nation to join the rush to create state-backed virtual currencies.

The country’s central bank expects to present the currency using blockchain and other technologies sometime in the new economic year, which begins in April or May, according to Indian finance minister Nirmala strawman.

“The digital rupee is giving a big boost to the digital economy,” sitraman said. However, no further details are given as to which might have followed at all, the extent to which the digital rupee was initially used, or the potential impact of the rupee.

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