india's new cryptocurrency

[zorchy]

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.

[ayatoslaw]

can you add the news source, maybe I can see the news completely on the original website.
and for the step of the Indian government is a step that must be followed by countries that do not believe in cryptocurrency, with the original project from the government, this is the latest crypto breakthrough to be accepted in all countries.

[acha12]

“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.

this project seems very good to follow. but you don't include this news source link. may I request a link to the news source

[Unknown]

Yeah this might be a plagiarism,
India's move was smart this may lead to other countries to also launch its own crypto which is good to prevent poverty of a country

[Zed0X]

So that is probably the main reason why they banned bitcoin and altcoins trading, they have this plan to launch their own cryptocurrency all along. If this pushes through, I hope they allow it to be traded to other cryptocurrencies for the sake of the community in India Let's wait for more development.