Indian govt mulls allowing crypto tokens in some public sectors by hkabir62

cryptocurrency · @hkabir62 · Aug 15 '18

Indian govt mulls allowing crypto tokens in some public sectors

![](https://s8.postimg.cc/co196v7zp/Mumbai_metro_Shutterstock.jpg)

Indian government is considering launching of its own crypto tokens for financial transactions in some public sectors of the country amid the ongoing embargo on banks in dealing with decentralized cryptocurrencies.

The government’s Inter-Ministerial Committee entrusted with the task of studying and proposing a roadmap to regulate the cryptocurrency sector has also been assigned to examine the issues relating to usability of crypto tokens in the public sector.

Initially, the committee is learnt to be examining various aspects of using the custom blockchain-based crypto tokens in place of smart cards, such as metro cards, in the public sector. In this case, the token will not be direct substitute to fiat currency.

Before placing a proposal of a regulatory framework for the public sector, the committee will thoroughly examine the status of cryptocurrencies both at home and abroad, regulations and legal frameworks adopted in other countries, and also examine steps to check money laundering.

*Mumbai metro image from Shutterstock.*

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@voteme · Aug 15 '18

re-hkabir62-indian-govt-mulls-allowing-crypto-tokens-in-some-public-sectors-20180815t103202299z

<p>You got a 25.00% upvote from @voteme courtesy of @hkabir62! For next round, send minimum <strong><a href='https://steemit.com/steemit/@voteme/voteme-bid-based-upvote-bot'>0.01 SBD</a></strong> to bid for upvote.</p><p>Do you know, you can also earn daily passive income simply by <strong>delegating</strong> your Steem Power to voteme by clicking following links: <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=10%20SP'>10SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=25%20SP'>25SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=50%20SP'>50SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=100%20SP'>100SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=250%20SP'>250SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=500%20SP'>500SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=1000%20SP'>1000SP</a>, <a href='https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=voteme&vesting_shares=5000%20SP'>5000SP</a>.</p>

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@speedvoter · Aug 15 '18

<p>This post has received a 3.13 % upvote from @speedvoter thanks to: @hkabir62.</p>

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@drotto · Aug 15 '18

<p>This post has received a 2.35 % upvote from @drotto thanks to: @hkabir62.</p>

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@getup · Aug 15 '18

re-hkabir62-indian-govt-mulls-allowing-crypto-tokens-in-some-public-sectors-20180815t105427901z

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@jzeek · Aug 15 '18

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@microbot · Aug 15 '18

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@minibot · Aug 15 '18

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@millibot · Aug 15 '18

This post has been upvoted by @millibot with 33.3%! 
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@nanobot · Aug 15 '18

This post has been upvoted by @nanobot with 100.0%! 
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@minnowhelper · Aug 15 '18

re-hkabir62-indian-govt-mulls-allowing-crypto-tokens-in-some-public-sectors-20180815t124338463z

This post has received a 3.00% upvote from [![](https://steemitimages.com/DQmcZYv2276nr6zEDDTZY1iLcgaBiNqumAnYtmvxNtr5zrW/minnow_klein.png)](https://steemit.com/@minnowhelper) thanks to: @hkabir62!!!
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@steemcleaners · Aug 21 '18

$1.11

[Source](https://www.cryptoryx.com/indias-govt-considers-allowing-crypto-tokens-for-metro-cards-airline-tickets-report/)
There is reasonable evidence that this article has been spun, rewritten, or reworded. Repeatedly posting such content is considered spam. 

Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/faq.html#What_is__cheetah).

[More information and tips on sharing content.](https://steemcleaners.org/copy-paste-plagiarism/)

If you believe this comment is in error, please contact us in [#disputes on Discord](https://discord.gg/YR2Wy5A)

👍 adm, sc-fund, stmdev, sergino

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