India reviews digital rupee, virtual assets
Analysis based on 17 articles · First reported Jul 02, 2026 · Last updated Jul 03, 2026
The review of India's digital rupee and virtual digital assets by the Parliamentary Standing Committee on Finance, involving the State Bank of India and the Institute of Chartered Accountants of India, could lead to new policy interventions. This may impact the adoption and regulation of cryptocurrencies and other digital assets in India, potentially affecting financial technology companies and investors in the region.
The Parliamentary Standing Committee on Finance in India held a review meeting with officials from the State Bank of India and representatives from the Institute of Chartered Accountants of India. The discussions focused on the progress of India's Central Bank Digital Currency (CBDC), known as the digital rupee, and the broader regulatory and operational landscape of virtual digital assets (VDAs). Bhartruhari Mahtab, Chairman of the committee, noted concerns about the relatively slow adoption of the digital rupee compared to privately issued digital assets. The meeting also addressed practical challenges faced by accounting professionals and auditors under existing legal and taxation frameworks for digital assets, aiming to identify necessary policy interventions to strengthen India's digital financial ecosystem.
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