Bitcoin Forum
June 25, 2019, 01:03:18 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2018-09-14] Coinatory: India is studying the implementation of the blockchain..  (Read 70 times)
coinatory.com
Newbie
*
Offline Offline

Activity: 16
Merit: 0


View Profile WWW
September 15, 2018, 12:14:20 AM
 #1

India, as a country with a high level of development of the IT industry, constantly shows new results on working with blockchain technology. The capital city of the Indian state of Telangana will be a blockchain district. In addition, in September last year, the state authorities of Andhra Pradesh announced the conclusion of an agreement with a company that provides cybersecurity WISeKey to protect the data of Indian citizens using the technology of blockchain. Recently, the Reserve Bank of India has formed a new unit to study new technologies, including blockchain, cryptocurrency, and artificial intelligence.

Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/

0% MINING FEES FOR THE NEXT MONTH. GET PAID IN BTC, ETH, XMR or RVN.

www.cudominer.com Learn More
Easily run CudoOS from a USB flash drive.
Designed for rigs. Manage your mining remotely from Cudo Console.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561467798
Hero Member
*
Offline Offline

Posts: 1561467798

View Profile Personal Message (Offline)

Ignore
1561467798
Reply with quote  #2

1561467798
Report to moderator
1561467798
Hero Member
*
Offline Offline

Posts: 1561467798

View Profile Personal Message (Offline)

Ignore
1561467798
Reply with quote  #2

1561467798
Report to moderator
1561467798
Hero Member
*
Offline Offline

Posts: 1561467798

View Profile Personal Message (Offline)

Ignore
1561467798
Reply with quote  #2

1561467798
Report to moderator
magneto
Hero Member
*****
Offline Offline

Activity: 1036
Merit: 600


View Profile
September 16, 2018, 09:10:49 PM
 #2

India, as a country with a high level of development of the IT industry, constantly shows new results on working with blockchain technology. The capital city of the Indian state of Telangana will be a blockchain district. In addition, in September last year, the state authorities of Andhra Pradesh announced the conclusion of an agreement with a company that provides cybersecurity WISeKey to protect the data of Indian citizens using the technology of blockchain. Recently, the Reserve Bank of India has formed a new unit to study new technologies, including blockchain, cryptocurrency, and artificial intelligence.

Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/

Aren't they also planning on releasing a national crypto or something along the lines of that?

Seems like the government of India is currently interested in blockchain, but yet, they're not supportive of bitcoin at all which makes no sense.

Their policy of restricting banks from dealing with bitcoin businesses simply don't make sense to me while they are trying to adopt all this blockchain technology into corporations and a national crypto. I understand that they're trying to take the centralised route of development, but not accepting decentralised cryptos into their economy will only mean that they themselves lose out in the long run.

dabsV12
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
October 16, 2018, 07:33:08 PM
 #3

India, as a country with a high level of development of the IT industry, constantly shows new results on working with blockchain technology. The capital city of the Indian state of Telangana will be a blockchain district. In addition, in September last year, the state authorities of Andhra Pradesh announced the conclusion of an agreement with a company that provides cybersecurity WISeKey to protect the data of Indian citizens using the technology of blockchain. Recently, the Reserve Bank of India has formed a new unit to study new technologies, including blockchain, cryptocurrency, and artificial intelligence.

Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/

Aren't they also planning on releasing a national crypto or something along the lines of that?

Seems like the government of India is currently interested in blockchain, but yet, they're not supportive of bitcoin at all which makes no sense.

Their policy of restricting banks from dealing with bitcoin businesses simply don't make sense to me while they are trying to adopt all this blockchain technology into corporations and a national crypto. I understand that they're trying to take the centralised route of development, but not accepting decentralised cryptos into their economy will only mean that they themselves lose out in the long run.

it's India, maaan Smiley
you can do both at the same time! Ban cryptos, make only your state's Lakshmi crypto legal and viola!
your citizens are offered the vast choice of cryptos - your national crypto or your national crypto! YAY! Smiley

This idea seems to be utter shit? That is not likely to happen?
Actually, this is the plan.
Check this article Smiley
https://coinatory.com/2018/10/12/india-intends-to-replace-bitcoin-with-divine-digital-currency-lakshmi/
AltEvangelist
Jr. Member
*
Offline Offline

Activity: 113
Merit: 1


View Profile
October 17, 2018, 04:34:40 PM
 #4

Agree with dabsV12 on this. The helplessness is palpable. Authorities here are intent on outlawing every other crypto other than the state backed one: https://qz.com/india/1418897/after-strangling-bitcoin-india-may-launch-its-own-cryptocurrency/

From the article: What’s worse is that the government may also kill or ban the existence of other digital currencies if a government-backed cryptocurrency is rolled out.

“The panel is also discussing amendment of the Currency Act to make possession of any cryptocurrency, not approved by the government, a punishable offence,” said the government official.


Funny thing is the authorities invited crypto exchange reps to learn about crypto and then stopped banking services to them. We are now in the august company of only two other countries that are planning to or have already implemented a state-backed crypto, Venezuela and Iran. And just like always we will look on while the rest of the world progresses.

CRYZEN.COM | CRYPTOCURRENCY ALGORITHMIC TRADING PLATFORM
⚫ Presale starts September 1st, 2018  ⚫
dabsV12
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
October 17, 2018, 09:11:01 PM
 #5

Agree with dabsV12 on this. The helplessness is palpable. Authorities here are intent on outlawing every other crypto other than the state backed one: https://qz.com/india/1418897/after-strangling-bitcoin-india-may-launch-its-own-cryptocurrency/

From the article: What’s worse is that the government may also kill or ban the existence of other digital currencies if a government-backed cryptocurrency is rolled out.

“The panel is also discussing amendment of the Currency Act to make possession of any cryptocurrency, not approved by the government, a punishable offence,” said the government official.


Funny thing is the authorities invited crypto exchange reps to learn about crypto and then stopped banking services to them. We are now in the august company of only two other countries that are planning to or have already implemented a state-backed crypto, Venezuela and Iran. And just like always we will look on while the rest of the world progresses.

Well, you know, every government's decision is supposed to be agreed by citizens.

“A people that elect corrupt politicians, imposters, thieves and traitors are not victims... but accomplices”

― George Orwell
dabsV12
Newbie
*
Offline Offline

Activity: 18
Merit: 0


View Profile
October 17, 2018, 09:28:30 PM
 #6

haha

slightly off-topic, but about India and shows how Indian citizens are scared of their government

https://coinatory.com/2018/10/17/the-perfect-crime-money-stolen-but-nobody-complains/
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!