The ruling Democratic Party responded, saying it has not formed a consensus on abolishing the tax but will review the new proposal.

The initiative targets how a digital euro would operate across existing payment rails, with emphasis on offline transactions and interoperability.

SBI VC Trade said users could lend assets directly to its platform, but added that the company may re-lend funds as part of its operations.

Tally said its platform served more than one million users, supporting governance across hundreds of organizations and processing over $1 billion in payments.