Bitcoin Forum

Local => India => Topic started by: BTCIndia on June 24, 2016, 09:32:25 AM



Title: Vision 2018 - Reserve Bank of India
Post by: BTCIndia on June 24, 2016, 09:32:25 AM
Blockchain on RBI's agenda.  ;D

https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/VISION20181A8972F5582F4B2B8B46C5B669CE396A.PDF


Title: Re: Vision 2018 - Reserve Bank of India
Post by: pavan@hosur on June 24, 2016, 04:33:51 PM
Already says block chain concept is rejected from world Bank..


Title: Re: Vision 2018 - Reserve Bank of India
Post by: Benson Samuel on June 25, 2016, 09:54:02 AM
Blockchain on RBI's agenda.  ;D

https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/VISION20181A8972F5582F4B2B8B46C5B669CE396A.PDF

This is very cool news indeed.
Hopefully, we will get to see an interesting chapter unfold once some form of regulatory comes into place.


Title: Re: Vision 2018 - Reserve Bank of India
Post by: camohitmishra on June 26, 2016, 06:18:42 AM
If regulatory comes then the basic theme of crypto currency will get defeated. Its supposed to be peer to peer based with no control of any government.


Title: Re: Vision 2018 - Reserve Bank of India
Post by: skang on June 27, 2016, 05:51:27 AM
Blockchain on RBI's agenda.  ;D

https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/VISION20181A8972F5582F4B2B8B46C5B669CE396A.PDF

This is very cool news indeed.
Hopefully, we will get to see an interesting chapter unfold once some form of regulatory comes into place.
It'd be great for exchanges but only delay cryptocurrency's true usage & would reduce it to cashless money which RBI is already pushing with Rupay, Aadhar-enabled-payments etc.
Nevertheless, it will only delay it..eventually the power would unleash through foreign startups (like India missed the boat with internet infrastructure too e.g. facebook & whatsapp won) and then India will HAVE TO do away with regulation.

Anyways, a blockchain/cryptocurrency cannot be bounded to a geography by definition, so at best RBI can improve current systems. Cryptocurrency is a fundamental technology & only "new" revamped systems can take its advantage; current systems cannot be juxtaposed on a blockchain.