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Dewar100

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

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This will be good for them by having their own cryptocurrency coin to their country because their president banned bitcoin by using it to every individuals there, this is the reason by creating their own coin so that the demand of the people should be in there.

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I think there is no similar to Bitcoin because in India the Bitcoin and crytocurrency are been banned it's illegal in India so there is no similar coin thank you

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I have not heard about it still yet even when I'm from India. But do this true then it's really nice news. I will waiting for it. And let's hope from today that it will get positive growth as of bitcoins. Thank you for posting this useful update.

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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.

This country is making almost good progresses here. and i am still happy that some countries are doing works.

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That would be really cool stuff.  If India really does that, then the Indian people can easily use this currency and make good money.  Which would be very good for the people of India I think in terms of making money.

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9 hours ago, Alexza said:

That would be really cool stuff.  If India really does that, then the Indian people can easily use this currency and make good money.  It will not hurt you

A coin like bitcoin means the coin that will nit be centralized but decentralized, i hope that is true.

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That would be really cool stuff.  If India really does, then I think the Indian people can easily use this currency and make a good profit.

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On 2/17/2020 at 4:08 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.

I think no country can't create coin like bitcoin.because, bitcoin is king of all altcoin and now people are trusted bitcoin more than other coin. 

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he options for an Indian investor if bitcoin is completely banned?  But will these recommendations become law, and, if so, how can investors ring-fence their digital coin investments? .The tech giant launching a similar currency provides some sense of legitimacy,” said Nischal .The game plan.

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On 2/17/2020 at 12:08 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.

I highly doubt that any of these government coins would be anything similar to bitcoin, just because they are digital doens't mean that they are permissionless. Their point is making it to serve the government, and bitcoin serves only public, not a specific region or their government.

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Governments notice on cryptocurrency.So many counties want to turn their currency into cryptocurrency like india.India planned it.

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Well, it is good news that even the Indian country will take the step forward towards the innovation of cryptocurrency and if it will succeed then more countries will do as they did.

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I have no much of contribution on this one its a good news to Indians and it shows how crypto will soon take over in many regions.

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l dont think that, they can do it to creating some coin, which is similar to BTC. It is impossible, l can not deny other facts, you can create own coins like Telegram or other big companies. But l mean it is impossible to be similar to BTC. 

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This will be a good news for their country,having a coin which can help their country to solve financial issues,but i don't think they can make as successful as bitcoin.

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On 2/17/2020 at 8:44 AM, TimCoinBit said:

Am I wish is China and India to safe cryptocurrencies because the price will increase if this is legal in the two countries. 

China and India has more knowledge on technology and wish they could put hand together on crypto currency they gonna make it

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I think this will be a very good step on the part of India. This will be good for India itself, because they can pay with this coin domestically, it will make people's lives better and remove the crisis from India by a little. Good idea, we are waiting for implementation.

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Centralized cryptocurrencies issued and controlled by governments will never replace bitcoin. These cryptocurrencies help governments monitor the finances of citizens. Will the new cryptocurrency be stablecoin = 1 rupee? This means that it will be subject to inflation.

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On 2/16/2020 at 11:08 PM, 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.

This kind of development is good for the cryptocurrency market. If this is really happening, more and more countries will legalise the use of cryptocurrency. And creating more coins will provide a form of competition to initial markets making them wants to perform better. 


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Actually coin of the government may destroy the use of bitcoin because when every country has their own cryptocurrency they would put its crypto in every transaction and nobody would need bitcoin.

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That's actually a good news since there are about creating thier own that's means India accepts cryptocurrencies, but thier coin can never be like bitcoin, nobody controls bitcoin but it's obvious the India cryptocurrencies will be controlled by the indian government.


 

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Even if they issue such a coin and it is approved at the state level. Then such a coin will not be able to compete with bitcoin and will most likely be more stable in terms of price.

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Yes, this decision was taken by some of the attendees who dealt with the training months before the decision was taken. And since this new currency was created for her, she is trying to promote her currency to its residents instead of other currencies, and this is a good step to replace her official flag.


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Well this is not yet officially  announced by indian government and i think they are not ready to adopt crypto that's why they are launching their own coin similar to btc

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On 2/17/2020 at 1:08 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.

So that's means this coin will be working like USDT is similar to USD? But I think if they will launch the coin that's similar to bitcoin, I should be with the low coin supply like bitcoin.

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