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RE: How Does Bitcoin Fare In India
Well great work
Even the Prime Minister of India- Narendra modi said that we need to work on cryptos as soon as possible but it was a thought that only around 75% workable- not 100%. Still they are thinking on it.
have a new idea to launch their own crypto and named it Luxmi.
:)
upvoted
Yeah, Luxmi project,if they launch it, will probably be centrliazed by government and will act like Indian Rupee in digital form. The motive of cryptocurrency is decentralization. So, if it's not decentralized then it won't be worth it.
yup
i know that
but the thing is they will never decentralize it.
That is true but we will have to face the reality that the governments will want to have control and bring centralized currencies into the market as with emcash in UAE