India is still an issue for cryptocurrency market. Although the Bitcoin market is in growth and more and more people are interested into the currency, there are some issues. In essence, the government of India believes that all cryptocurrencies can be misused.
The bank of India, in cooperation with the government, is considering a possibility to introduce a cryptocurrency of their own. The name should be ‘’Lakshmi’’, but at this moment there are no further details.
We can only imagine the effect this all-new virtual currency will have on rest of them. On the other hand, maybe now is the right time to start making plans for Lakshmi.