https://qz.com/india/1418897/after-strangling-bitcoin-india-may-launch-its-own-cryptocurrency/
I dont think this news has much credibility as Indian government is volatile like cryptocurrencies and anything can happen after the outcome from Supreme court about carpet ban on exchanges.
Topic: india's new cryptocurrency - page 3. (Read 522 times)
It is nothing new with countries coming up with their own crypto currencies anymore. It is good that crypto currencies are being recongised on a international level but over doing it may just turn things to negative.
India is going to launch its own cryptocurrency.
A panel constituted by India’s finance ministry might soon recommend that the country launch a government-backed cryptocurrency.
“We are evaluating the government-backed cryptocurrency and crypto-token,” said a senior government official privy to the discussions of the panel. “And we are looking to develop and encourage our own research and development of blockchain technology,” the official added, referring to the digital infrastructure on which cryptocurrencies are based.
The finance ministry panel was set up in December 2017 under Subhash Chandra Garg, secretary, department of economic affairs, to suggest measures to regulate cryptocurrencies. The panel was supposed to submit its report by July, which was later pushed to the end of the year.
A panel constituted by India’s finance ministry might soon recommend that the country launch a government-backed cryptocurrency.
“We are evaluating the government-backed cryptocurrency and crypto-token,” said a senior government official privy to the discussions of the panel. “And we are looking to develop and encourage our own research and development of blockchain technology,” the official added, referring to the digital infrastructure on which cryptocurrencies are based.
The finance ministry panel was set up in December 2017 under Subhash Chandra Garg, secretary, department of economic affairs, to suggest measures to regulate cryptocurrencies. The panel was supposed to submit its report by July, which was later pushed to the end of the year.
This is a good move, other regional countries also can do it like "indicoins", "pakicoins"...
I don't get the point on why some countries are planning on making their own cryptocurrency. One of the main selling points of most cryptocurrencies is the decentralized aspect of it. A country's government making a cryptocurrency defeats that purpose. This is probably just a way for the Indian government to make more money.
But anyway, what do I know. Haven't done research about this yet.
But anyway, what do I know. Haven't done research about this yet.
India is going to launch its own cryptocurrency.
A panel constituted by India’s finance ministry might soon recommend that the country launch a government-backed cryptocurrency.
“We are evaluating the government-backed cryptocurrency and crypto-token,” said a senior government official privy to the discussions of the panel. “And we are looking to develop and encourage our own research and development of blockchain technology,” the official added, referring to the digital infrastructure on which cryptocurrencies are based.
The finance ministry panel was set up in December 2017 under Subhash Chandra Garg, secretary, department of economic affairs, to suggest measures to regulate cryptocurrencies. The panel was supposed to submit its report by July, which was later pushed to the end of the year.
A panel constituted by India’s finance ministry might soon recommend that the country launch a government-backed cryptocurrency.
“We are evaluating the government-backed cryptocurrency and crypto-token,” said a senior government official privy to the discussions of the panel. “And we are looking to develop and encourage our own research and development of blockchain technology,” the official added, referring to the digital infrastructure on which cryptocurrencies are based.
The finance ministry panel was set up in December 2017 under Subhash Chandra Garg, secretary, department of economic affairs, to suggest measures to regulate cryptocurrencies. The panel was supposed to submit its report by July, which was later pushed to the end of the year.
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