/https%3A%2F%2Fnews.trijo.co%2Fwp-content%2Fuploads%2F2021%2F01%2Fbitcoin-double-spend-never.jpg)
Reported “double spending” of bitcoin never happened
On Tuesday, headlines were made about a so-called "double spending" of bitcoin. The only problem was that it was not really a double spending in...
Image source: Shutterstock
India has previously been very negatively positioned to cryptocurrencies. Now, a government organization recommends creating a digital version of the country’s currency, the rupee.
Last week, the head of India’s financial supervisory authority praised blockchains in a statement.
Now comes another sign that the country, which previously has had a very negative attitude to cryptocurrencies, is changing, reports the Indian The Economic Times.
In a document written by the state organization The National Institute for Smart Governance (NISG), it states that India should invest in creating a digital version of the rupee.
In the recommendation, the NISG believes that the new Indian cryptocurrency should be controlled by India’s central bank.
In addition, the blockchain which the new currency is to be based on is recommended to be supporting so-called decentralized applications (d-apps), something it would have in common with the world’s second-biggest cryptocurrency ethereum, The Economic Times writes.
Whether the Indian legislators choose to follow the recommendation is currently unclear. But if they choose to follow it, the world’s two largest countries will soon have digital currencies. You can read about China’s digital yuan here.
On Tuesday, headlines were made about a so-called "double spending" of bitcoin. The only problem was that it was not really a double spending in...
The American investment company Grayscale continues to buy bitcoin as if there was no tomorrow.
On Monday, a new record volume was set for crypto trade volume at the payment giant Paypal. The question is whether this is good or bad for the...