India Works Towards Revolutionizing Digital Signing With Blockchain Focus

India Introduces 30% Tax Income on and Digital Asset Sales
  • India plans native web browser with integrated crypto tokens for digital signing.
  • The Ministry’s challenge aims for a user-friendly browser with an inclusivity focus.
  • India’s regulatory efforts extend to tech, crypto, and data protection initiatives.

Indian citizens could soon have the opportunity to digitally sign documents using crypto tokens through a national web browser initiative. In detail, the endeavor is part of India’s Ministry of Electronics and Information Technology’s push to create a native web browser for the country.

Read CRYPTONEWSLAND on Google News google news

Recently, the Ministry introduced the Indian Web Browser Development Challenge on August 9. In particular, the challenge aims to inspire and engage developers from across India to construct an indigenous web browser featuring an embedded Controller of Certifying Authorities (CCA) India root certificate. The browser will prioritize accessibility and user-friendliness, ensuring inclusive support for individuals with diverse abilities.

Specifically, a notable aspect of this initiative is the incorporation of crypto tokens for digitally signing documents. These tokens will be seamlessly integrated into the browser’s functionality.

The challenge will unfold in three rounds. The initial round will involve 18 participants, followed by a reduction to eight participants in the second round. The ultimate winner of the challenge will receive a reward of approximately 34 million Indian rupees ($411,000).

The Indian government has been proactive in its regulatory efforts, particularly concerning technology and cryptocurrencies. On the international stage, within the G20 forum of the world’s largest economies, India endorsed the Financial Stability Board’s recommendations for a global crypto framework. The country also emphasized the necessity of considering developing economies when crafting crypto-related guidelines.

In a separate move, the lower house of India’s parliament recently approved the Digital Personal Data Protection Bill 2023. This bill aims to streamline data compliance regulations for major tech companies, both global giants like Google, Meta, and Microsoft, and local enterprises. This legislative action intends to simplify standards for the storage, processing, and transfer of personal data, supporting a more streamlined tech landscape in India.

Read Also

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

related posts