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How do you take the hatchet to one of the fastest growing economies in the world? Simple: Remove 86 percent of the circulating currency and call it an anti-corruption measure.
The Governor of the Reserve Bank of India has said he has “no doubt” that digital currencies will play a role in India's future society. Drawing a comparison between the rise of debit and credit cards in the country, the Governor argues digital currency will help pave the way to a cashless society.
Laxmicoin, digital currency named after the Indian goddess of wealth, is being delayed by its creators until the Reserve Bank of India (RBI) gives its official clearance to do so.
Big news out of the world’s second largest country, as India’s Enforcement Directorate (ED) has shut down a Bitcoin exchange in Ahmedabad.
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