India wants digital Rupee instead of Bitcoin

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Digital Rupee instead of Bitcoin. Reserve Bank of India (RBI) is uncomfortable with bitcoin, that’s why looking for possibilities of issuing its own digital currency, like a digital rupee, cointelegraph reports. According to the ceo of the bank, Sudarshan Sen, RBI is studying an alternative to the Indian Rupee, a digital currency which will be issued by the Reserve Bank of India (RBI) in place of the physical one. As already...

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From: KCN News

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Bitcoin is a digital currency created in 2009. Yes, it is a currency and is completely digital. There are no physical bitcoins, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. So basically Bitcoins are just set of few numbers or codes backed by complicated mathematical problems, which is reflected on the public ledger you hold in a digital wallet.

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