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September 18, 2017

RBI considering India's own Cryptocurrency - Lakshmi

13 comments

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The Reserve Bank of India (RBI) is considering a proposal to introduce India's own cryptocurrency similar to Bitcoin.

The government might name its cryptocurrency ‘Lakshmi‘.

The proposal was reportedly discussed by a committee of government officials who found the idea of running blockchain for financial services useful.

What is Cryptocurrency ?
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.

Most Important Cryptocurrencies in World
  • Bitcoin
  • Litecoin
  • Ethereum
  • Zcash
  • Dash
  • Ripple
  • Monero
If the government does go ahead with the proposal of introducing cryptocurrency, the cryptocurrency so introduced will fall in the domain of the Reserve Bank of India. Consequently, some acts such as the Currency Act might have to be amended.

Note : Countries like Russia, China and Estonia are said to be considering their own cryptocurrencies.

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13 comments:

  1. If it is going to be Fiat, then no mining option :-(

    ReplyDelete
  2. What the idea of lunch date of lakhshmi cryptocurrency

    ReplyDelete
  3. WHEN RBI GOING TO LAUNCH THE LAXMI COIN.GANESH MADULE,SEPTEMBER 22,2017

    ReplyDelete
    Replies
    1. https://laxmicoin.trade/signup?r=76395295

      Delete
  4. Can any one tell how to register lakshmi coin

    ReplyDelete
  5. When will launch this lakshmi coin how can we buy?

    ReplyDelete
  6. भारतीय रिज़र्व बैंक की डिजिटल करैंसी में। एक सहरानीय पहल है लक्ष्मी। कॉइन अगर सरकार लॉन्च करती है तो इसमे सरकार को बहुत फायदा है काफी राजस्व मिलेगा और पूरी दुनिया के इन्वेस्टर्स आज बिटकॉइन के पीछे पागल है वो RBI के इस लक्ष्मी कोइन का कायल हो जाएंगे क्यों कि ये सरकारी मान्यता प्राप्त कॉइन होगा gud. Beat of luck RBI

    ReplyDelete
  7. signup pre launch - https://laxmicoin.trade/signup?r=76395295

    ReplyDelete

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