A difference between crypto 'assets' and currencies: FM

An RBI issued digital currency can be considered as a currency, since it is backed and issued by the government, said FM Nirmala Sitharaman. Anything outside this perview, including cryptocurrencies, will not be treated as currencies, and is not being defined as such. Rather, it will be a digital asset. Any profits arising from the transfer of this asset is being taxed at 30%.