The digital rupee has been launched in India. It is currently in the pilot project phase; if successful, the digital form of rupees will replace the paper notes.

Bank Ignorance 

     Due to the growing popularity of Bitcoin and other cryptocurrencies, like every country, India's central bank, RBI, also tried to make them illegal in India, but due to their huge popularity, the government did not ban them. Instead, it must discourage the public by imposing taxes. was done.

No More Ignorance ... But

Now, to avoid being left behind in the new technological economy, its pilot phase has been started, considering it necessary to issue digital rupees.

Difficulty 

Since the government has taxed digital currency heavily to prevent the possibility of any bitcoin or NFT evading tax, the use of the digital rupee may attract heavy tax.