Business

India to launch state-backed 'digital rupee', tax crypto

India will introduce a state-backed "digital rupee" and impose a 30 percent tax on profits from virtual currencies, the government announced Tuesday while unveiling the next financial year's budget.

Business

Modi warns bitcoin could 'spoil' young Indians

Indian Prime Minister Narendra Modi on Thursday warned that bitcoin presents a risk to younger generations, sounding a hawkish tone as his government prepares to introduce legislation to regulate cryptocurrencies.

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