• Piyush Goyal announces India’s first RBI-backed digital currency from Doha.
• Government to tax unbacked cryptocurrencies while supporting regulated digital assets.
• India and Qatar seek FTA by 2026 to double bilateral trade.

Union Minister Piyush Goyal says India’s new digital currency will be backed by the Reserve Bank of India while warning against cryptocurrencies with no asset or sovereign guarantee. 

India will roll out an RBI-backed digital currency, and it will discourage cryptocurrencies not backed by assets or sovereign support. Union Minister Piyush Goyal made the remarks in Doha on October 7, 2025, calling the move a step toward faster and more secure digital transactions.

Goyal said the digital rupee would make payments easier, cut paper use, and improve speed versus current rails. He added that traceability would be built in to strengthen security…

Read The Full Article India to Launch RBI-Backed Digital Rupee, as Union Minister Goyal Rejects Unbacked Crypto On Coin Edition.

• Piyush Goyal announces India’s first RBI-backed digital currency from Doha.
• Government to tax unbacked cryptocurrencies while supporting regulated digital assets.
• India and Qatar seek FTA by 2026 to double bilateral trade.

Union Minister Piyush Goyal says India’s new digital currency will be backed by the Reserve Bank of India while warning against cryptocurrencies with no asset or sovereign guarantee. 

India will roll out an RBI-backed digital currency, and it will discourage cryptocurrencies not backed by assets or sovereign support. Union Minister Piyush Goyal made the remarks in Doha on October 7, 2025, calling the move a step toward faster and more secure digital transactions.

Goyal said the digital rupee would make payments easier, cut paper use, and improve speed versus current rails. He added that traceability would be built in to strengthen security…

Read The Full Article India to Launch RBI-Backed Digital Rupee, as Union Minister Goyal Rejects Unbacked Crypto On Coin Edition.