India intends to replace Bitcoin with “divine” digital currency Lakshmi

India intends to replace Bitcoin with “divine” digital currency Lakshmi
In fact, banning Bitcoin, the Indian authorities are considering the possibility of creating their own cryptocurrency. According to Quartz, an expert group under the Ministry of Finance may soon recommend to the government the launch of the national cryptocurrency Lakshmi.

A senior government official who participated in the panel discussions told:
“We are evaluating the government-backed cryptocurrency and crypto-token. And we are looking to develop and encourage our own research and development of blockchain technology”
The expert gro ...
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