India’s Central Bank Quietly Forms New Cryptocurrency, Blockchain Research Unit

[Game.Ethereum]

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI).

Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, the Economic Times reported on Monday.

https://www.ccn.com/indias-central-bank-quietly-forms-new-cryptocurrency-blockchain-research-unit/

[dreammoney710]

Basically few days ago there is news that India is banning the crypto market based on this still their court is taking sometimes towards this I think they will be flexible on crypto market so people will be benefited.

[learningcrypto5421]

That's an interesting post. The Reserve Bank of India will soon be launching their own cryptocurrency named Lakshmi coin. A blockchain network is also being developed to support multiple commercial banking applications.

[Denreal]

I think that is a new development in the crypto space and it will give a lot of crypto enthusiasts to operate in the space. This a step forward to crypto in India. One thing i know of is that some other countries will soon be announcing their involvement and participation in crypto.

[bitfocus741]

This is an interesting turn of events. India was very closed off when it came to the crypto market and that they took great lengths to ban it from entering the Indian market too. It does feel good to see that the country has taken a keen interest towards this market and let's see what contributions it will provide for the betterment of the market and for the Indian economy.

[superscommessebitcoin]

India is one of the leading countries in terms of technology and I think that if India is in a dense approach to the issue of creating a cryptocurrency and its regulation, then it will have a positive effect on the entire cryptocurrency market.

[MegaDots]

Well at least it is a good thing that the Indian market is being open about the crypto currency market, much like the way it behaved towards it in the past. India is very well ahead in the IT sector, so it will be worth it to see what they come up with.

[cryptoblackhat]

There is huge potential for innovation in the financial space from countries like India that have a large nascent population of people who were historically not very well connected to international financial systems.

This means any endorsement like this of crypto technologies from Indian authorities can have quite a large impact on the entire ecosystem, even outside of the country itself as it lends credibility and significant new market opportunities to the industry.

[paul gatt]

While the electronics market in Vietnam is going down, countries around the world are still developing. In India new electronic money is born. This proves that electronic money is becoming more and more innovative to meet the needs of users. New coins always have the advantage of Vietnam.

[BigCookie]

This is going to be very great news. A new internal unit that is dedicated in researching and regulating the new emerging technologies, like- block chain, crypto currency and artificial intelligence (AI) has been established by the Reserve Bank of India (RBI). This announcement gives a positive sign of the crypto world that the adaptation rate is getting high.

[asriloni]

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI).

Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, the Economic Times reported on Monday.

https://www.ccn.com/indias-central-bank-quietly-forms-new-cryptocurrency-blockchain-research-unit/

Just waiting for the decision regarding the cryptocurrency. AFAIK there was a lot of uncertainty about that and it seems like that country is not seriously to ban the crypto. They are interesting in the blockchain and that's normal consider so many countries are interesting with it too. Even Canada has created blockchain explorer based on ethereum platform.

[idex100]

It turns out that India is doing a lot of research on developing the blockchain, they may eventually lift the ban on cryptos and provide banking services to exchanges.

[Eurobot]

A wonderful news it is! The Reserve Bank of India has recently established a new outbound technologies, like- crypto currency, block chain and artificial intelligence. This is an internal unit which is dedicated for this. By this, we can see the higher adaptation rate of crypto currency.

[CheeryPenguin]

If this happens then it will be a great news for the crypto world and the users. The Reserve Bank of India has established an internal that is dedicated to research and regulations of the new emerging technologies. This is absolutely a very positive sign for the crypto world.

[Ruby_Official]

The Reserve Bank of India (RBI) has reportedly established a new internal unit dedicated to researching and regulating new emerging technologies, specifically cryptocurrency, blockchain and artificial intelligence (AI).

Holding back on a formal announcement, the RBI has discreetly formed a new unit to research and possibly supervise disruptive technologies through draft rules in the future, the Economic Times reported on Monday.

https://www.ccn.com/indias-central-bank-quietly-forms-new-cryptocurrency-blockchain-research-unit/

I have expected from long time ago !
I am sure that is the great choice now. but, i am really sure that bank is going to accept cryptocurrency.
This is the reason why we are so interested in altcoins.
I hope to meet you guys in Ruby Exchange.

[stealth.money]

I said again and again no country will able to ban or ban crypto and blockchain.

[kirstiemorton23]

I don't believe everything about crypto from India, do you not know that the Indian government bans crypto? Do you not know that there are many scam ICOs from India, so how could I be excited and enthusiastic about the news about the bank while the government they just forbid crypto, just stop this nonsense, I will not be affected by this news.

[eup]

I think this is not just a country in India. Many national banks are doing this because the cryptocurrency is about to change all humanity.

[Herbert2020]

Basically few days ago there is news that India is banning the crypto market based on this still their court is taking sometimes towards this I think they will be flexible on crypto market so people will be benefited.

first of all, their bank forming a cryptocurrency unit to look into the technology and possibly adopt it to create their own centralized altcoin has nothing to do with their stance or flexibility about crypto market. they may even actually ban it while creating their own coin.

secondly that news like any other news saying country blank banned bitcoin was pure bullshit trying to spread FUD. India never banned anything.

[CryptoSimmonds]

I think India have to do itbecause some of the country accept bitcoin instead of their product. So Indian government take some stem that this digital currency can use with normal currency. I think every country take this initiative.