India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting this national policy.
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India’s National Blockchain Strategy
The Indian National Institute for Smart Government (NISG) has published a draft “National Strategy on Blockchain,” local media reported on Tuesday. The institute was tasked with preparing the policy in July last year by the National e-Governance Division, under the Ministry of Electronics and Information Technology (MeitY).
The document examines blockchain technologies, smart contract applications, challenges to blockchain adoption, the societal impact of the technology, the role of government, and national strategy principles. It suggests the regulatory approach to blockchain…