Quote from: magneto on September 16, 2018, 09:10:49 PM

Quote from: coinatory.com on September 15, 2018, 12:14:20 AM

India, as a country with a high level of development of the IT industry, constantly shows new results on working with blockchain technology. The capital city of the Indian state of Telangana will be a blockchain district. In addition, in September last year, the state authorities of Andhra Pradesh announced the conclusion of an agreement with a company that provides cybersecurity WISeKey to protect the data of Indian citizens using the technology of blockchain. Recently, the Reserve Bank of India has formed a new unit to study new technologies, including blockchain, cryptocurrency, and artificial intelligence.

Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/

Aren't they also planning on releasing a national crypto or something along the lines of that?

Seems like the government of India is currently interested in blockchain, but yet, they're not supportive of bitcoin at all which makes no sense.

Their policy of restricting banks from dealing with bitcoin businesses simply don't make sense to me while they are trying to adopt all this blockchain technology into corporations and a national crypto. I understand that they're trying to take the centralised route of development, but not accepting decentralised cryptos into their economy will only mean that they themselves lose out in the long run.

it's India, maaan

you can do both at the same time! Ban cryptos, make only your state's Lakshmi crypto legal and viola!
your citizens are offered the vast choice of cryptos - your national crypto or your national crypto! YAY!

This idea seems to be utter shit? That is not likely to happen?
Actually, this is the plan.
Check this article

https://coinatory.com/2018/10/12/india-intends-to-replace-bitcoin-with-divine-digital-currency-lakshmi/