Hi guys if you are reading international news ,Indian billionaire ambani they are going to launch a coin called jio coin. pros- They are strongly backing our government ,so government might use it or support it cons-It will be like ripple centralized and infinitive numbers Your thoughts ps:) the reason i put it here instead of Indian sub forum,international community should be aware of it ,thanks
As a viewpoint from the distance (since I am not based in India though am also in Asia), this can be a good development and if the government will be supporting this cryptocurrency project then there is a big possibility that eventually the government can see the many benefits that can come from opening the country for the cryptocurrency business including that of Bitcoin. I believe that when the dust is settled, India (as well as Russia) will let cryptocurrency enter the country under a strict regulatory framework to be established by the government...may that day be coming fast so that Indians can go with cryptocurrency with less hassles and fear.