[2017-04-13] ET: Blockchain startups welcome govt move to constitute committee

[polynesia]

Blockchain startups welcome govt move to constitute committee on virtual currencies

http://economictimes.indiatimes.com/small-biz/startups/blockchain-startups-welcome-govt-move-to-constitute-committee-on-virtual-currencies/articleshow/58167997.cms

The central government’s move to constitute a committee to look at the framework around virtual currencies has been welcomed by bitcoin and blockchain startups, especially as it proposes to understand the global trends around cryptocurrencies such as Bitcoin.

The finance ministry’s Department of Economic Affairs has constituted an interdisciplinary committee chaired by the special secretary of economic affairs and comprising representatives from the ministries of home affairs, and electronics and IT, the Reserve Bank of India, NITI Aayog and the State Bank of India, the government announced on Wednesday.

[onrise]

Its nice govt has created the committee to understand the advantages of this technology and coin it could bring to India and to the world. But again how effective the research it will be done will need to be wait and watch out for.

[Bitwah]

Which is blockchain startup among them? According to my knowledge only Blockright and BlockArmory are blockchain based startups in India.