Launch of Indian Digital Currency Laxmicoin Postponed Following Raids

Launch of Indian Digital Currency Laxmicoin Postponed Following Raids

The launch of an India-focused digital currency, Laxmicoin, has been suspended by its co-founders, following the Reserve Bank of India's (RBI) raids on bitcoin exchanges in December last year. While some bitcoin exchanges are once again operating and digital currencies are gaining traction in major Indian cities, Laxmicoin founders Mitts Daki and Raj Dangi say they are adamant about not moving forward with the launch of their new currency until the RBI gives them the green light. Daki, who is based in Silicon Valley, revealed that one of the reasons for the suspension is that some of the....


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Quotes

I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.

Satoshi Nakamoto, Bitcoin Developer