Digital India under pm Modi's action of RBI declared of introducing India's first cryptocurrency Laxmi coin launch
A recent unexcepted boom in cryptocurrency attracted one to raise voice over it.countries thought of being threat to their economy proposed ban over bitcoins Russia,Poland, and european countries initiated ban of bitcoins
However later of knowing multiple uses of crypto currencies some countries came out of anti crypto currencies alliance and started their own crypto currency block chain system
Crypto currencies are going to occupy over 80% of world economy and going to pushback dollars and euros
In spite of raise in bitcoins and other virtual coins trading however markets going to have adverse and positive effects
Under the development of own block chain system launching india’s first crypto currency laxmi coin RBI and government of india moving their steps forward recently announced statements
According to experts in market india one of the fastest growing economy has its need of crypto currency to make economy deficiency to fulfill to raise source for military funding and to provide better infrastructure to ensure a better life listening to this things will be good
On the other side it is going to make its name as darkcurrency.illegal transactions had risen over half of its rate in dark web over past months recenty attacks over european unions of ransomeware malware also demanded of over 250 bitcoins to provide and recover their data back as hackers and sumuglers
are in way of using these currencies
Financial minister arun jaithly also stated not to encourage bitcoin exchanges as sebi and RBI does not have any authorization over it
Jio coin also geeting to existence as crypto currency from reliance group in india
From all these actions it is quoted that laxmi coin have chance to occupy a major portion of crypto currencies while it is suggested not to have ban over bitcoins laxmi coins may be alternative in growing digital india
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