Government of India promotes popular consultation on National Blockchain Scheme

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This week the Indian government launched a public consultation about National blockchain scheme Prepared by the Ministry of Electronics and Information Technology (MeitY). The project seeks to make the country a global leader by exploring blockchain technology along with other emerging technologies, such as artificial intelligence.

Recently, the Indian Parliament discussed banning cryptocurrency and also plans to launch a state-owned cryptocurrency. However, officially at the moment, the government only wants to get the citizens’ viewpoint on the subject.

“This introductory document provides insight into strategies to strategize the Indian blockchain ecosystem, making India one of the leading countries in harnessing the benefits of this emerging technology”

The consultation, which has received more than 100 comments, runs until 16 February.

Digital currency of india

Public consultation is in line with the ongoing discussions in the Parliament of India Progress sheet The monthly publication was published in late January. It is proposed to create a structure that facilitates the issuance of a digital currency.

To create a convenient structure for the creation of official digital currency issued by the Reserve Bank of India. The project aims to ban all private cryptocurrencies in India, except for their adjacent technology.

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Cory Weinberg

About the author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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