India Evaluating Creation of Government-backed Cryptocurrency

A review panel, created by India’s finance ministry, to determine a regulatory framework for cryptocurrencies in the country has suggested India launch its own cryptocurrency.
A report from Quartz suggests that officials are growing closer to preparing a regulatory framework for cryptocurrencies. One senior official suggested the panel is even looking into the creation of a state-sponsored cryptocurrency, according to the publication.
The official explained: “We are evaluating the go