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RE: What will happen if Indian Government decides to bring it's own Virtual Currency?
I agree with your thought, Sir. Despite the ban in India, Indians can still trade and exchange their Cryptocurrencies in many other ways.
Creating their own virtual currency will result to inflation of their local fiat because I don't think many people will like to get involved with their virtual Currency.
It would take an awful lot of Time to educate the Citizens of such a Currency.
Even Bitcoin is not known to over 50% of the Population so I don't expect this Fiat Cryptocurrency to be successful.
Sure!