BTC doesn't suit Indian Central Bank, but Fiat does

Indian Central Bank looks at Fiat cryptocurrency as a replacement for Rupee
13 September 2017   605

India's Central Bank, The Reserve Bank of India (RBI), argued that blockchain tech could provide the necessary basis for the digitization of the rupee in January. 

Now, according to, RBI executive director Sudarshan Sen has indicated that this work is still in progress. However, the man highlighted that India is not interested in Bitcoin.

As regards non-fiat cryptocurrencies, I think we are not comfortable. Bitcoins for example. That's a private cryptocurrency. 

Sudarshan Sen
RBI executive director

Thus, the fiat cryptocurrency is to be issued by the Reserve Bank of India in place of the physical one.

Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely.

Sudarshan Sen
RBI executive director

It is also worth mentioning that the RBI has been repeatedly raising concerns on virtual currencies like Bitcoin, claiming that they pose potential financial, legal, customer protection and security-related risks. 

Swansea Hosts Blockchain and Distributed Energy Conference

The BEW'18, which will be held on February 19, 2018 in Swansea, UK, is a must-attend for people who are interested in the cutting edge of blockchain
19 February 2018   239

The Blockchain Energy Wales'18 Conference will be held on February 19, 2018 in Swansea, United Kingdom.

The conference will introduce Klenergy and their Pylon Network, which is a decentralised energy exchange platform powered by renewable energy. The BEW'18 is a must-attend for people who are interested in the cutting edge of blockchain, distributed energy, peer2peer and smart technology.

BEW conference location swanseaBEW'18 Exact Location

Location: TechHub Swansea, 221 Stryd Fawr, Swansea SA1 1NW, UK
Time: from 9AM to 1.30PM

The headline speakers include Paul Harwood, Basicincome supporter and advocate, and David Clubb, director of RUKCymru and head of digital RenewableUK.

The agenda of the conference is as follows: Blockchain technology and its application in the energy sector, future of blockchain wallet systems, buildings as power stations, building the open-source co-operation protocol for the energy sector, and more.