The market of Crypto-currency or Digital Currency is growing every day. The price of a Bitcoin was 70,000 Rs. A year back in India and today it has touched 14 lakhs Rs. There are thousands of investors worldwide are attracting to invest in Bitcoins and other Crypto-currencies.
RBI (Reserve Bank of India) will make a crypto-currency of its own. That is named Laxmi Coin and is here to explain in detail what is Laxmi Coin and how you can buy and sell this cryptocurrency.
What is Laxmi Coin?
Laxmi Coin is a type of Cryptocurrency which is also called as Virtual or Digital Currency. Goddess of India’s wealth is “Laxmi,” so government and RBI have decided to keep India’s first digital currency name as “Laxmi.” It is going to be launched and controlled by RBI and Indian Government.
Trading of this Crypto would be easy and can be done online. Same like Bitcoin, there will be no any physical existence of this currency.
Laxmi Coin Virtual Currency Detailed Information:
The Indian government, RBI, and Income Tax Department have warned Indian investors many times not to trade in Bitcoin or any other Cryptocurrencies since it is not legal as well as risky to invest in. Still, hundreds of Indians are investing in Bitcoins.
According to the official Twitter handle of Laxmi Coin, it will be the same as Bitcoin. It will be most secure and most advanced network for the digital world. Official website of Laxmi Coin designed for handling thousands of online transactions per second. And there would be a nominal fee per trade and that is to prevent data from DDoS and to maintain network operation.
Investors can buy and sell it online, but the market rate of Laxmi Coin will be little lower than Bitcoin. Moreover, Bitcoin has no any official authority in most of the countries.
On the other hand, Laxmi Coin will be under control of Indian Government and RBI. They will manage the entire operation of trading.
How to trade Laxmi Coin?
Laxmi Chain is a Blockchain platform which is powered by billions of devices. Laxmi Coin is a digital and virtual currency, just like a stock exchange. You cannot see or touch it. However, you can buy and sell it from online platforms. You can trade with the help of Online Digital Currency Wallet. Also, you can easily convert it to any authorized currency of the world or transfer it to your bank account.
Laxmi Coin is still under development stage and will take a specified period to come on the market. However, Laxmi Coin has already announced its launching date on their official website, and the date is 01st March 2018. Although, government or RBI has not officially declared anything about Laxmi Coin this news has already become the talk of the town in Indian Market.
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