Topic: India cryptocurrency 'Lakshmi Coin' (Read 1302 times)
It would be great if India launches its own cryptocurrency. India is getting digitalized completely and its good for crypto investors.India is a huge market with second highest population. If everyone uses cryptocurrency in India, that would be a huge pump to the cryptocurrencies.
It seems to me that there will be nothing important. Remember DubaiCoin. Here he entered the market and has not risen in price, what's more do not speak about it, it is not interesting coin for the community. I think Lakshmi Coin will suffer the same fate.
Being a potential pioneer of incorporating cryptocurrency into a country's government it could only end up in two things: miserably make their economy sick or make it more prosperous. But India being as it is with a country with many bright minds, the latter of the two is achievable with enough time and preparation.
What ? Govt of India may launch India's own cryptocurrency 'Lakshmi Coin' ?
Do you mean that was the first crytocurrency made by india communities. Well that is good to hear and I hope that coin will succeed because in my there was also a first coin, at first there are many investors interested in this project but because they are partnering MLM their was down. I think that coin has a good future. 
Ahahaha, sounds like fun. I think this coin will achieve nothing. It will suffer the fate of Dubaicoin.
The launch of Lakshmi will only strengthen the position of cryptocurrencies in India. India has such a large potential marker for cryptos with highest number of internet users. Lakshmi gonna make people aware about a whole new monetary system. Since India is already trying to build a cashless society. This will gonna boost it. Moreover, many Indians are living in foreign countries, they will be benefited by this move. Also, because of China's ban, India who is arch rival won't do the same and ban Bitcoin, rather will work like Japan, a friendly country. So all in all the launch of Lakshmi gonna boost the crypto marker in india.
Right. China commies beeing pretty much surrounded. Unless counting in Russia, too. And comparing India against China, and Japan against Russia. Honestly from size and numbers this isn't looking all to good. That https://www.coindesk.com/russia-likely-ban-bitcoin-payments-deputy-finance-minister-says/
And there is no country with higher cultural affinity to gold than india, to my observation. And they are probably the only country on earth who banned paper bills over night last year. Just imagine that! At least try to remember.
That is just the wrong hope looking at the outer rims of the economy. Bitcoin either makes it in the heart of the united states, for everyday purchases like pizza, or fails.
Indian PM is trying to promote digital India and promote cash less transaction . Narendra Modi can do that as he love new technology but introduction of this types of coin from governments is just their effort to replace bitcoin from their country.
The launch of Lakshmi will only strengthen the position of cryptocurrencies in India. India has such a large potential marker for cryptos with highest number of internet users. Lakshmi gonna make people aware about a whole new monetary system. Since India is already trying to build a cashless society. This will gonna boost it. Moreover, many Indians are living in foreign countries, they will be benefited by this move. Also, because of China's ban, India who is arch rival won't do the same and ban Bitcoin, rather will work like Japan, a friendly country. So all in all the launch of Lakshmi gonna boost the crypto marker in india.
Indian government officials and some people from the Reserve Bank of India. The new coin may be called "lakshmi" but will probably take a few years to be implemented because of India's rather slow and cumbersome .
it is realy interesting. i hope when they release it, they won't ban other cryptocurrencies. i wonder it is centralized or decentralized?
Yes, I saw that story a few days ago. Apparently it is a proposal from a committee of Indian government officials and some people from the Reserve Bank of India. The new coin may be called "lakshmi" or "laxmi" but will probably take a few years to be implemented because of India's rather slow and cumbersome bureaucracy.
https://www.techworm.net/2017/09/india-bitcoin-like-cryptocurrency-called-lakshmi-coin.html
https://www.techworm.net/2017/09/india-bitcoin-like-cryptocurrency-called-lakshmi-coin.html
Hasn't Narendra Modi been the one banning all 500- and 1.000- Rupie banknotes in november last year? This cumbersome bureaucracy managed to do THAT over night. There had been death casualties in front of an india bank building in 2016.
Could not trust their lakshmi if that ever pops up anywhere. Doubtfull if it could even reach the usual trade places (Bittrex, lodging in las vegas) since regulations and such.
Govt of India may launch India's own cryptocurrency 'Lakshmi Coin'Apparently it is a proposal from a committee of Indian government officials and some people from the Reserve Bank of India.
You know how it works in India... Lakshmi coin had to initially halt their planned ICO because of the Government
You know how it works in India... Lakshmi coin had to initially halt their planned ICO because of the Government
Governmrnent launching a crypto-currency based on Blockchain is always a bad idea. How are they going to control, manipulate and sanction in an enviroment of decentralized framework. The people that might contribute to it's development kqy not buy to centralized idea. At the end of it, the coin become useless.
Yes Govt of India may launch India's own cryptocurrency 'Lakshmi Coin.
Could be very possible, India is pretty on about IT and building an economy on it. Lakshmi, I think is Sanskrit for wealth or something.
wether it fails or works its still a good way to introduce cryptocurrency and give the youth an advantage over the rest of the world. I know allot of big corporations (multi-billion dollar corps) that outsource IT to India or foreign exchange students from India.
wether it fails or works its still a good way to introduce cryptocurrency and give the youth an advantage over the rest of the world. I know allot of big corporations (multi-billion dollar corps) that outsource IT to India or foreign exchange students from India.
even if india makes his own crypto, it will be centralized!!
imagine the money of a state owned by onknown persons and can't collect any taxes on it!
and that can be questioned, whether crypto people around india will be willing to pay taxes and willing to show their identity after this coin was releasedimagine the money of a state owned by onknown persons and can't collect any taxes on it!
i personally thinks that it will be hard being supported by people who wanted the concept of bitcoin which will hide their identity in anyhow, i will check this thread and see what will be the progress regarding to this coin.
even if india makes his own crypto, it will be centralized!!
imagine the money of a state owned by onknown persons and can't collect any taxes on it!
imagine the money of a state owned by onknown persons and can't collect any taxes on it!
all countries can issue coin, yeaah like this inidia although the new discourse or the plan must have not been published because of the need for in-depth study reviews
but whether it does not interfere with the economy and disrupt the value of the currency as well as its financial order.
hopefully laksmi coin fame, will be positive
but whether it does not interfere with the economy and disrupt the value of the currency as well as its financial order.
hopefully laksmi coin fame, will be positive
Yes India is going to launch its own Cryptocurrency. It will named Lakshmi coin. till now india government has not accepted any Cryptocurrency but trying to bring its own. It may lauched in few years. It will be alternative to Bitcoin .
http://yuplex.com/lakshmi-coin-new-alternative-bitcoin/
http://yuplex.com/lakshmi-coin-new-alternative-bitcoin/
What ? Govt of India may launch India's own cryptocurrency 'Lakshmi Coin' ?
I wanna believe even trump or ivanka coin was better than that crap centralized currency. And so? Is that a real joke has made by the government to issued their own crypto with name lakhsmi coin?What a best joke in this day.
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