Following the presentation of Union Budget 2022 at the Parliament on February 1, Finance Minister Nirmala Sitharaman addressed a press conference. While speaking to the media, she spoke on the proposed Digital Rupee and cryptocurrencies and said that what the Reserve Bank of India (RBI) will issue is a digital currency. “What RBI will issue is a digital currency. Everything that prevails outside of it is assets being created by individuals and we are taxing profits made out of transactions of those assets, at 30 per cent,” said Nirmala Sitharaman. “We are also tracking every trail of money in that (transaction of crypto assets) by imposing 1 per cent TDS at every transaction,” FM Nirmala Sitharaman added.