The Central Government is considering a proposal to introduce its own crypto currency like bitcoin, reported a leading business daily.
The crypto currency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended.
More info, here: http://www.indiainfoline.com/article/news-top-story/crypto-currency-government-plans-its-own-crypto-currency-117091600309_1.html