According to Quartz India , according to unofficial data, the Indian government has begun to study the issue related to the release of its own digital currency, despite the increased regulation of the innovation sector in the country. In a private conversation with the Ministry of Finance of India, it became clear that India is considering the possibility of developing a state cryptocurrency .
Thus, one of the country's top officials said that "the government is currently evaluating a digital currency supported by the government." Despite this, not all officials support the initiative, arguing that the release of a national cryptocurrency will not have a positive impact on India.
An anonymous source reads :
“If the virtual currency will be supported by the government, then this coin will go against the basic concept of cryptocurrency. In essence, digital currencies are decentralized electronic money, and if the government or the Reserve Bank of India controls the national cryptocurrency, then it will completely lose its meaning. ”
Despite all the differences among the officials, this is good news for the entire Indian cryptocurrency community, as well as the first positive news in this country in a long time. For the past few months, the government of India has clearly been opposed to digital currencies, introducing laws, regulations and rules in the country that only limited cryptocurrency growth.
