India to impose 30% tax on crypto income, CBDC in 2022-2023

The Reserve Bank of India (RBI) will introduce the Central Bank Digital Currency (CBDC) as India’s official digital rupee in 2022-23, finance minister Nirmala Sitharaman announced in the Union Budget for 2022-23.

Sitharaman also announced that India will impose a tax of 30% on income from cryptocurrencies and other digital assets.