India’s Central Bank, the Reserve Bank of India (RBI), is considering the possibility of issuing its own digital fiat currency as an alternative to Bitcoin, according to Economic Times. The bank expressed its displeasure with cryptocurrencies such as Bitcoin, calling them “private currencies.”
Every country is following on steps of China now.
Soon after all the debate and discussion subsided, now there is news that India may soon get a cryptocurrency all its own.
This comes as a good piece of news for the followers of virtual currencies (VCs).
Sources closes to the development have informed Zee Business that the government is working on the technology related to virtual currencies and is looking forward to developing a native or indigenous virtual currency within the country. At present, the government is working on the technology and utility associated with it. In fact, it is trying to find a way to use the technology in a positive way.
According to sources, the blueprint of the digital currency will be prepared by September 2018 and the final guidlines related to the cryptocurrency will be released by the first week of September.
Right now, it is engaged in talks with RBI, SEBI and other stakeholders( Customers, suppliers and Shareholder etc.)
And also The US government is building a better nickel.
A government agency is designing cheaper new metal alloys inside a computer.
Thanking you.