Reserve bank of India (RBI) announced about developing of banking platform on the basis of blockchain. Platform`s launch is to happen next year already.
Investment resource has learned that the platform, which development has become the part of blockchain research, will be presented later this year. It will support various apps, however only bank institutions will use it.
Note, country`s authorities aren`t very friendly to cryptocurrencies. In April Indian regulator prohibited in its “sandbox” testing of products and solutions connected with cryptos. What is more, at the end of April even appeared talks about full cryptocurrencies ban in India.
On this background development of blockchain platform by RBI may message about the softening of regulation in the country. Of course, it`s just about the platform now, but maybe in the future attitude to cryptocurrencies will become more friendly.