<strong>Government of India Works on National Strategy For Blockchain Expansion Nationwide</strong>

To roll out the emerging technology in the country, the <a href="https://en.wikipedia.org/wiki/NITI_Aayog" target="_blank" rel="noopener">Indian government is aiming to release a new blockchain strategy</a>.

The news was surfaced on Nov 27 through the India Times. As per the report, Ministry of Electronics and Information Technology of India (MeitY) made a statement. It stated the potential of blockchain technology can be seen now. It also recognizes the need for the advancement of a shared framework to carry out relevant usages. Ministry stated further, it us making a strategy on "National Level Blockchain Framework."

Sanjay Dhotre, the Minister of State for Human Resource Development Communication and Electronics and IT admits the required use cases of blockchain. He noted its potential in banking, finance and cybersecurity and in many more sectors nationwide.

Previously, Tamil Nadu's State of India was reportedly developing the blockchain and Artificial Intelligence policies on the state level. Blockchain and AI policies of the Indian state are hoped to set up foundation rule on the application of emerging technologies for services delivery and resolving governance concerns.

Furthermore, at the start of the current year, Southern Indian State of Telangana issued a draft which intended to set up an ecosystem for research organizations and blockchain companies. The draft has an eye on a project working to develop blockchain use cases for banking and financial sectors.

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<h3>India's Point of View Over Cryptocurrency</h3>
While India may be pro-blockchain, its point of view over crypto is hostile. The government of India submitted a bill in July named " <a href="https://www.cryptoknowmics.com/crypto/indian-government-delays-introducing-cryptocurrency-bill/" target="_blank" rel="noopener">Banning of Cryptocurrency and Regulation of Official Digital Currency</a>". The draft aimed to put an entire shut down on crypto. Not only this, but the bill also intended to launch " Digital Rupee" which was issued by the central bank, Reserve Bank of India.

Government of India Works on National Strategy For Blockchain Expansion Nationwide

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