Digital India under pm Modi's action of RBI declared of introducing India's first cryptocurrency Laxmi coin launch
Bitcoins and other cryptocurrencies run over open ledger system and not through any server or website and URL
rbi in its spee
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Digital India under pm Modi's action of RBI declared of introducing India's first cryptocurrency Laxmi coin launch
Bitcoins and other cryptocurrencies run over open ledger system and not through any server or website and URL
rbi in its speech does not mention of banning bitcoins but given a notice to bitcoin traders and exchanges to stop in the market of cryptocurrencies and given a deadline ending in the month of June on the other side telecom giant JIO is going to release JIOCOINS it is an opinion about banning of bitcoins while the private sector is developing its own blockchain systems the fate of bitcoins getting to unpredictable by economy experts also
The recent unexcepted boom in cryptocurrency attracted one to raise voice over it.countries thought of being a threat to their economy proposed ban over bitcoins Russia, Poland, and European countries initiated ban of bitcoins
However later of knowing multiple uses of cryptocurrencies some countries came out of anti cryptocurrencies alliance and started their own cryptocurrency blockchain system
Cryptocurrencies are going to occupy over 80% of the world economy and going to pushback dollars and euros
In spite of raise in bitcoins and other virtual coins trading, however, markets going to have adverse and positive effects
Under the development of own blockchain system launching India's first cryptocurrency Laxmi coin RBI and government of India moving their steps forward recently announced statements
According to experts in market India, one of the fastest growing economy has its need of cryptocurrency to make economy deficiency to fulfill to raise source for military funding and to provide better infrastructure to ensure a better life listening to this things will be good
On the other side, it is going to make its name as dark currency.illegal transactions had risen over half of its rate in the dark web over past months recently attacks over European unions of ransomware malware also demanded of over 250 bitcoins to provide and recover their data back as hackers and smugglers
are by way of using these currencies
Financial minister Arun Jaitley also stated not to encourage bitcoin exchanges as Sebi and RBI does not have any authority over it
Jio coin also getting to existence as cryptocurrency from reliance group in India
From all these actions it is quoted that Laxmi coin have the chance to occupy a major portion of cryptocurrencies while it is suggested not to have banned over bitcoins Laxmi coins may be alternative in growing digital India
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