Yugocean
Valued Contributor
There was speculation on the suggestion of the Reserve Bank of India that the government is considering bringing its own cryptocurrency; on this, written questions were also held in the upper house of the Parliament of India.
A questioned was asked to the Government of India on the information about cryptocurrency and its use. In response to this question, the Government clarified that the Government of India has no knowledge about this, and the government will explore the use of blockchain technology to enter the digital economy.
It seems that the government is trying to understand the digital economy first. However, neither this technique has any government job nor the government job is based on merit. So for this too, the government will have to take help from private sector and not ban it.
A questioned was asked to the Government of India on the information about cryptocurrency and its use. In response to this question, the Government clarified that the Government of India has no knowledge about this, and the government will explore the use of blockchain technology to enter the digital economy.
It seems that the government is trying to understand the digital economy first. However, neither this technique has any government job nor the government job is based on merit. So for this too, the government will have to take help from private sector and not ban it.