Indian planed to get their coin which will be similar to bitcoin

[selfmade 7]

2 hours ago, guatazoo said:

Ohh! So for this reason is that's why Indian was banned cryptocurrencies in order to be promoting their own cryptocurrencies new project they gonna to launch?  

But india announced in 2020 that they unbanned the use of crypto and started to seize opportunities presented by crypto including creating that coin of their own,

[Samotokika 1780]

On 2/17/2020 at 3:08 AM, Dewar100 said:

India plans to make their coin as similer to bitcoin in movement in the market. The Indian Rupee falcon (INRF) = 1 Indian Rupee (INR)·India may launch its own cryptocurrency The Indian government is reportedly considering introducing its own digital cryptocurrency, similar to bitcoin. With the rising popularity of bitcoin in all financial markets, the government is now looking at a government-issued digital currency.

Oh that was really good to hear that Asian countries had now started showing interest in Bitcoin and they are introducing their own digital coin so hopes that soon it would revolve all over the word and people widely used it

[guatazoo 7150]

On 1/6/2021 at 11:36 PM, selfmade said:

But india announced in 2020 that they unbanned the use of crypto and started to seize opportunities presented by crypto including creating that coin of their own,

But I've heard about 3 times thats Indian are banned cryptocurrencies after while they allowing it again, so I don't understand why they be do not having stable decisions about cryptocurrencies. 

[Msh9 84]

In fact, my dear friend, I do not have any information on this subject, but I think that it and many countries strive to improve their currencies and increase their value in any way, so it will work hard to make its currency digital like Bitcoin.

[RoyalHouse01 9]

On 2/17/2020 at 10:52 AM, Uttom Deb said:

The Indians were planning again in their midst they thought that they would get political opinion but they never realized that the price of bitcoin would rise so high.

there is nothing to do with the politics when we talk about the rate of the bitcoin so if there are some hopes for that and that is why they are going to ban it they should never do it.

[selfmade 7]

2 hours ago, Farhana09 said:

Dear friend, this information about India is not true. But it can happen. They want to take over the crypto market. Because it was declared by their High Court Supreme Court that Bitcoin is not illegal.

I think that you are right, i just researched this information and found out that they are yes planning to create their own coin but it would be national currency backed coin, that means it would have the same value as the national currency.

[joemcgwa 3227]

Ohh! Now I've understand that, I've heard the news recently which says that Indian offers blockchain course, so that's is the reason they need to create their coin which similar to bitcoin?

[Samer1997 715]

It is a really good thing, and in my opinion it is a wonderful step forward. In fact, I hope that such initiatives will take place in my country. Of course it is a good thing for the state and the people. Good luck with that

[khaler 1549]

This is something that many countries began proposing, and China has created their own currency, and this is the new generation of the economy. It will spread, but it will take a long time for the whole world to deal with it.

[Dissy sb 945]

Just my friend I want to share  this information with you the Indian prime Minister modi says that they are introducing a coin like a Bitcoin in the market and they also said that this coin is in the testing process very soon they will be introduced

[Mir Hamza 2888]

Bitcoin is the world's number one coin and also the world's best currency. Many more new cryptocurrencies are coming in the market than Bitcoin, but none of the currencies have the courage to compete with Bitcoin. India can launch whatever it wants, but it can never compete with Bitcoin nor can it ever cost more than Bitcoin. 

[basel23 1722]

I have not seen such news. I hope that you will provide us with reliable sources in order to make sure of this news, as this currency is not considered a cryptocurrency because it is affiliated with a central authority and the most important feature of cryptocurrencies is decentralization.

[teebasas 3018]

I think that the government’s establishment of a special currency for the country of India is really excellent and will have a positive impact on cryptocurrencies and encourage many people to invest in and deal with cryptocurrencies.

[selfmade 7]

29 minutes ago, Ibrakay said:

Yes my dear friend and I think this is a good idea because it will improve economy as a whole and also develop their country

I think this approach of countries creating their own coins is not based of making a country grow economically but a way to fight against the effects of cryptocurrencies which are to make individuals rich but making the government suffer economically because of reduction of taxes and all.

[Abrar1122 10]

if any country launches its own coin and it works perfectly that means the country will grow very much economically so it is a good step from this country

[HadiLord 926]

India, China, Japan and many other countries that have started working on their own currency similar to the cryptocurrency, but it will be centralized, and in this matter the currency will lose the most important features of cryptocurrencies in order to remain under the control of the government and it will be easy to impose taxes on these currencies.

[Francy Mory 543]

The simplification that this currency has obtained has been advantageous and fruitful to negotiate, the example of India is interesting because it has the project of managing its own digitized currency and that gives us a window of the projection of Bitcoin that will be a leader in the market soon.

The simplification that this currency has obtained has been advantageous and fruitful to negotiate, the example of India is interesting because it has the project of managing its own digitized currency and that gives us a window of the projection of Bitcoin that will be a leader in the market soon.

[piuri01 446]

It seems to me a good idea what India is doing, because this way the trade of this country will be better, I hope all the countries will take the same measure of India and the trade will improve.

[cheri farah 487]

That is great move because they have legallized the bitcoin just lately but we need to see if other country will follow their steps or not 

[Dadouasaad123 902]

In fact, these are still rumors and there is nothing certain about the matter, but I heard from some sources that India will issue its own cryptocurrency, but it is almost equal to regular cryptocurrencies, of course this will not affect the cryptocurrencies as a whole, but it will be very beneficial to the people of India, Because they will be able to trade cryptocurrencies freely, and when they earn their profits, they can convert it into their own cryptocurrency, and then buy what they need with it, which is really wonderful.

[Moon87 798]

It is nice that India is one of the first countries to use cryptocurrencies in general, and the good thing is that India considers the new currency central, in my opinion, that is better for improving the economy.

[Alix188 585]

I do not think that this Indian currency is considered a cryptocurrency because it belongs to a central authority and the Indian government can manipulate its price, so I do not expect this currency to be very successful.

[Maria karam 667]

I think that India is able to create a successful cryptocurrency due to the economic situation and the resort of many people in India to deal with cryptocurrencies, but I think that it is very difficult to create a successful currency such as Bitcoin because it has gained everyone’s trust, and I do not think it is easy for another currency to gain this confidence.

[Jami ss 843]

Yes my dear friend I want to tell you that sometime ago I listen about that the Indian prime Minister modi says that they are launching a coin in the market of cryptocurrency that is similar to bitcoin but I am waiting after how many time they will introduce

[kion 381]

I agreed that they can launch there cryptocurrecy but I don't think that they will like to compare it with Bitcoin, Bitcoin is already at the Apex and so any coin that will come after it is just a falacy, however , it will be good thing to see countries develop there own currency.