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Nirmala Sitharaman, the Finance Minister of India, in her Budget speech for 2022 announced the launch of the Digital Rupee — a central bank digital currency (CBDC) — 2022-23 onwards.

Shehnaz Ahmed (Lead, Fintech) breaks down what considerations for the RBI to take into account while launching a digital currency, with Aashima Sawhney & Yeesha Shriyan, Research Fellows in the Tax Law vertical at Vidhi. Part 1 of the video analyses the announcement of a new framework for taxing crypto in the budget.

Read Vidhi’s paper ‘Central Bank Digital Currencies: Proceeding With Cautious Optimism’.

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