Indian Prime Minister Narendra Modi recently discussed the intricate dynamics of emerging digital technologies in an in-depth interview with Business Today. He highlighted the need for a global framework and regulations for blockchain and cryptocurrencies, which have transcended borders and grown in significance. Modi noted that a global consensus-based model is needed, especially one which considers the concerns of the Global South.India is taking a proactive stance on this global stage, despite its internal regulatory challenges. The country is introducing a 30% tax on cryptocurrency profits and a 1% base tax on all transactions in 2022. The Reserve Bank of India is also delving into the prospects of using the digital rupee for international transactions, holding discussions with central banks from around 18 countries. RBI Governor, Shaktikanta Das, anticipates a domestic user base of 1 million by July.

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Information	Details
Geography	Asia
Countries	🇮🇳 🇺🇸 🇨🇦 🇲🇽 🇯🇵 🇦🇺 🇨🇳 🇩🇪 🇫🇷 🇬🇧 🇮🇹 🇸🇦 🇿🇦 🇦🇷 🇧🇷
Sentiment	neutral
Relevance Score	9
People	Shaktikanta Das, Narendra Modi
Companies	G20, Business Today, RBI, Reserve Bank of India, European Union
Currencies	None
Securities