The government of the country advocates the creation of a national or local virtual currency. To achieve this goal, it is trying to master the technologies that have previously been used for the birth of the most popular projects.
Insiders Zee Business report that now all the development are aimed at the formation of a sustainable technology for the implementation of the intended, as well as solving the problems of commissioning internal digital money. The main task of the Indian government is to find ways to use affordable technologies in a positive key.
According to insiders, the project of its own virtual currency will be prepared by September 2018, and the final recommendations associated with cryptocurrency will be issued a little later during the same month. Now the government is negotiating with stakeholders.
It is noteworthy that cryptocurrencies, such as Bitcoin and others, were practically prohibited in India, and the authorities do not want to encourage people to invest in them at all. Probably, its own coin will be the answer to meeting the needs of the country’s population in the new financial instrument.
Earlier we wrote about how and why