Speaking in Doha, Qatar, Union Minister Piyush Goyal made a strong statement on cryptocurrency, saying India does not encourage crypto that lacks sovereign or asset backing. He clarified that while there is no official ban, crypto is being heavily taxed to discourage risky investments without government protection. Goyal announced that India will launch a digital currency backed by the Reserve Bank of India (RBI) — a secure, traceable, and faster way to transact, reducing paper use and ensuring safety. This Digital Rupee will function like traditional currency but with advanced technology.

👉 Watch the full video for Goyal’s detailed remarks on India’s digital finance future!

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