What is Laxmicoin, possibly the first legal Indian cryptocurrency?

What is Laxmicoin, possibly the first legal Indian cryptocurrency?

With the massive surge in the popularity of cryptocurrencies such as Bitcoin, it appears India might soon have its very own cryptocurrency, dubbed the Laxmicoin . Originally launched in 2012, Laxmicoin has been stuck in the legal quagmire entrapping several non-fiat currencies around the world. A fiat currency is any currency that has no intrinsic physical value, but whose value is established by government decree. For example, most national currencies around the world, including the Rupee and the Dollar, are fiat currencies as their values are dictated by the government. Non-fiat currencies such as the Gold Standard have more […]