Complementary Digital Currencies May Be On Their Way

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By Anandi Sharan

The Government of India has decided to set up a committee to report back within six month with recommendations on how to regulate digital currencies.

Digital currencies are cropping up on the internet to address some fundamental short comings of capitalism and world trade. Whilst some might want to allow only Rupee in India and reform the Reserve Bank of India (I myself have made such a proposal), others (and I count myself an advocate of this option too) are determined to make complementary currencies on Cloud platforms the solution to currency scarcity of 95% of Indians in the informal sector.

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Vol. 12 - No. 3


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