India’s finance minister has said the country will launch a digital version of the rupee as early as this year. It would put profits from trading or transferring cryptocurrencies and non-fungible tokens in the country’s highest tax band. India is the latest major economy to announce an official virtual currency, as China trials the digital yuan. The announcement that India’s central bank would introduce a digital currency comes against the backdrop of the country’s demonetisation policy. Do you support digital currencies ?

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