It looks as if authorities in India are veering towards a state-backed cryptocurrency…
At one stage earlier this year, it looked as if authorities in India were staging something of an all-out war on cryptocurrency. Its central bank had effectively attempted to ban cryptocurrencies from the country, a decision that ended up in court, and the welcome mat was hardly being laid out.
Then, though, came the news at the end of August that the Reserve Bank Of India was actually talking about “the need to explore a digital currency for the

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