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Topic: Indian Government considering official crypto currency codenamed "Lakshmi" (Read 1556 times)
March 14, 2019, 05:49:34 AM
May 02, 2018, 07:28:17 AM
Great,Indian govt started thinking about crypto currency.This need to be appreciated as an positive side to look that India is at least realising the importance of this technology and does not want to stay behind so might introduced thier own coin.
April 17, 2018, 02:41:42 AM
The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.
Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
I have been hearing all this since past 5 years (or more maybe), but nothing happens.Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
What are your sources? How can you be so sure of all these things happening?
All I saw once was some Lakshmi coin getting developed and that was also going to be a mere copy based on previous coin algorithms and that too being developed by someone privately.
This news is complete bullshit .
April 17, 2018, 01:36:03 AM
Ah! Lakshmi , our Goddess of wealth! Instead of banning the usage of Bitcoin , making it official and available to users who are interested in BTC markets is a considerable act from Indian Government. Looking for this to come in the market soon !
April 15, 2018, 03:48:59 PM
The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.
Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
I don’ t know whether this will happen or not, but yes, the Reserve Bank of India has said that it is planning to launch its own blockchain network. If this will happen then the crypto market in India will be a regulated one which means there would be less scams and frauds. Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
April 10, 2018, 09:45:39 AM
"Lakshmi" very nice name. good to hear. The Lakshmi word is really good might make profits to most Indians. this is a quite good step of digital currency for digital india.
The name is good but what about the truth of the statement ,whether it is true or not.The proposal of India's own cryptocurrency is excellent but our Indian Government is not able to understand the actual working and model of cryptocurrency.So till now it is still a rumor. April 07, 2018, 01:40:46 AM
we have heard about it in the market but there has been no detail about its implementation yet clear in the market.
April 06, 2018, 01:33:54 AM
Just Announced but need to wait outcome in further days . hope useful for web professionals to make business easier in India
https://www.gurujobalert.com/government-jobs.html ]government jobs alert notification https://www.gurujobalert.com/government-jobs.html
https://www.gurujobalert.com/government-jobs.html ]government jobs alert notification https://www.gurujobalert.com/government-jobs.html
November 07, 2017, 03:28:19 AM
"Lakshmi" very nice name. good to hear. The Lakshmi word is really good might make profits to most Indians. this is a quite good step of digital currency for digital india.
November 01, 2017, 11:55:44 AM
there is no report regarding it started recently when RBI head attended a blockchain conference in Delhi but it is very difficult to initialise such project and if government give permission to such project then it will digital currency similar to other digital currency
October 27, 2017, 02:10:47 PM
until indian govt announce it officially it is just a rumor ..
it was also in rumor 1-2 years back .. now again ,, first of all indian govt is confused on bitcoin and other crypto currencies , our govt need a lot of time to understand this model and usage , and i am damn sure it will not be launched even till 2019 .
it was also in rumor 1-2 years back .. now again ,, first of all indian govt is confused on bitcoin and other crypto currencies , our govt need a lot of time to understand this model and usage , and i am damn sure it will not be launched even till 2019 .
October 26, 2017, 06:05:42 AM
As the blockchain technology matures, its benefits become seemingly obvious; however, for it to replace traditional currency will still require much change in how the banking institutions function
October 09, 2017, 02:43:03 AM
I have heard Laxmi coin since 2014. I guess this is a rumour and if its possible then government has publicly announced it.
October 07, 2017, 01:04:42 AM
sure it has nothing to do with https://bitcointalksearch.org/topic/laxmi-coin-for-india-and-international-market-287485 ?
THIS POST IS ABOUT A POTENTIAL CURRENCY THAT INDIAN GOVERNMENT MAY RELEASE IN FUTURE
Is it that hard to understand?
Ffs
October 05, 2017, 10:24:38 PM
Beware of fake websites like laxmicoin.com, laxmicoin.trade
I think they are just using name of laxmicoin to make money
I think they are just using name of laxmicoin to make money
October 05, 2017, 04:52:04 PM
If I'm not mistaken, some altcoin of the same name was created a couple of years ago. Never even showed up on coinwarz and it ended up being one of those weekly pump and dump type of coin. The coin mod tried to make it work, but in the glut of the altcoins those days, it never stood a chance.
October 05, 2017, 12:26:06 PM
Where's the source of this news? Looks like it's just a rumour.
http://www.moneycontrol.com/news/business/economy/government-mulling-indias-own-cryptocurrency-2389629.html/amp
http://wap.business-standard.com/article-amp/economy-policy/govt-considering-its-own-cryptocurrency-117091600051_1.html
http://www.gr8ambitionz.com/2017/09/indias-own-cryptocurrency-lakshmi.html?m=1
http://kryptomoney.com/latest-cryptocurrency-news-india-may-launch-its-own-cryptocurrency/
www.techworm.net/2017/09/india-bitcoin-like-cryptocurrency-called-lakshmi-coin.html/amp
https://inc42.com/buzz/indian-government-cryptocurrency/amp/
October 05, 2017, 08:25:13 AM
Where's the source of this news? Looks like it's just a rumour.
October 05, 2017, 07:40:54 AM
please don't post such nonsensical information without quoting the source.
whatever news article you pasted this from, mentions absolutely nothing about Lakshmi Coin.
however I did see a big pump and dump in Lakshmi coin happening on nova-exchange in the past few days, so perhaps that was you...
What the fuck are you on about?The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.
Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
whatever news article you pasted this from, mentions absolutely nothing about Lakshmi Coin.
however I did see a big pump and dump in Lakshmi coin happening on nova-exchange in the past few days, so perhaps that was you...
I'm talking about a future centralized currency that is being researched, by Indian government, to be bought out in "FUTURE". It's not even live yet
Did you even read the post?
October 05, 2017, 05:17:07 AM
please don't post such nonsensical information without quoting the source.
whatever news article you pasted this from, mentions absolutely nothing about Lakshmi Coin.
however I did see a big pump and dump in Lakshmi coin happening on nova-exchange in the past few days, so perhaps that was you...
The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.
Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.
Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.
whatever news article you pasted this from, mentions absolutely nothing about Lakshmi Coin.
however I did see a big pump and dump in Lakshmi coin happening on nova-exchange in the past few days, so perhaps that was you...
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