India is considering issuing its own virtual currency

in #bitcoin7 years ago

1NL.jpg
If a final decision is made, the virtual currency will belong to the Reserve Bank of India. The sources also noted that the government is considering naming the virtual currency Lakshmi, the goddess of prosperity in Indian mythology

The central government in India is considering issuing an Indian virtual currency. According to sources familiar with the matter to Business Standard.

If a final decision is made, the virtual currency will belong to the Reserve Bank of India and amendments to certain laws may be required, which means that it is a lengthy process.
The sources also noted that the government is considering naming the virtual currency Lakshmi (the goddess of prosperity in Indian mythology).

"I would not be surprised if the government makes a virtual coin of its own because the banks are already experiencing blockcane technology, and in order to use this technology, virtual currency is needed," said Vaibhav Parikh, a partner at Nishith Desai Associates. Since the government does not trust Bitcoin, it may have its own currency. "

China, Russia and Estonia are also considering developing their own virtual currency.

A few days ago, the head of the Central Bank of India, Sudarshan Sen, spoke of the bank's discomfort with Bitcoin, which has recently received stringent global regulatory oversight. He hinted that India needed a virtual currency of its own.

Sort:  

Well done india

Governments don't get it do they. No one trusts the lying corrupt government officials. They can have their own crypto currency but it is centralized and run by criminals. Bitcoin is decentralized and politically global neutral

Congratulations @erez7770! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @erez7770! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.24
TRX 0.26
JST 0.041
BTC 97391.59
ETH 3454.03
USDT 1.00
SBD 3.41