India slams ‘unbacked crypto’ amid RBI’s new digital currency plans 🇮🇳
India has taken a firm stance against 'unbacked crypto' as it announces new plans for a digital currency backed by the Reserve Bank of India (RBI). Minister Piyush Goyal clarified that while the country does not explicitly encourage or discourage cryptocurrencies, it does impose taxes on them. This statement was made during the unveiling of RBI's digital currency initiative.
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