Indian Government considering official crypto currency codenamed "Lakshmi"

[Dil dil]

there is no report regarding it started recently when RBI head attended a blockchain conference in Delhi but it is very difficult to initialise such project and if government give permission to such project then it will digital currency similar to other digital currency

[tamradhwaj]

"Lakshmi" very nice name. good to hear.  The Lakshmi word is really good might make profits to most Indians. this is a quite good step of digital currency for digital india.

[gurujobalert1]

Just Announced but need to wait outcome in further days . hope useful for web professionals to make business easier in India

https://www.gurujobalert.com/government-jobs.html ]government jobs alert notification  https://www.gurujobalert.com/government-jobs.html

[bright07]

we have heard about it in the market but there has been no detail about its implementation yet clear in the market.

[deepakg2m]

"Lakshmi" very nice name. good to hear.  The Lakshmi word is really good might make profits to most Indians. this is a quite good step of digital currency for digital india.

The name is good but what about the truth of the statement ,whether it is true or not.The proposal of India's own cryptocurrency is excellent but our Indian Government is not able to understand the actual working and model of cryptocurrency.So till now it is still a rumor.

[kimochidesh]

The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.

Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.

Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.

I don’ t know whether this will happen or not, but yes, the Reserve Bank of India has said that it is planning to launch its own blockchain network. If this will happen then the crypto market in India will be a regulated one which means there would be less scams and frauds.

[darkie199]

Ah! Lakshmi , our Goddess of wealth! Instead of banning the usage of Bitcoin , making it official and available to users who are interested in BTC markets is a considerable act from Indian Government. Looking for this to come  in the market soon !

[Real14Hero]

The Central government is considering a proposal to introduce its cryptocurrency similar to Bitcoin.

Sources close to the development said that the proposal was discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful.

Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.

I have been hearing all this since past 5 years (or more maybe), but nothing happens.

What are your sources? How can you be so sure of all these things happening?
All I saw once was some Lakshmi coin getting developed and that was also going to be a mere copy based on previous coin algorithms and that too being developed by someone privately.
This news is complete bullshit .

[sreecanvas]

Great,Indian govt started thinking about crypto currency.This need to be appreciated as an positive side to look that India is at least realising  the importance of this technology and does not want to stay behind so might introduced thier own coin.