India intends to integrate cryptocurrency tokens in a future native web browser
The function is intended to be a component of the national web browser initiative for the nation.
Indian people may soon have the choice to digitally sign papers using crypto tokens. The function is planned as a component of an initiative by the Ministry of Electronics and Information Technology to create a national web browser.
The Indian Web Browser Development Challenge, which aims to “inspire and empower” developers from all around the nation to produce a native web browser with an integrated Controller of Certifying Authorities (CCA) India root certificate, was announced by the ministry on August 9. As stated in the release
The proposed browser would also put a strong emphasis on usability and accessibility, assuring built-in support for people of all abilities.
The announcement mentions the capability of digitally signing documents with a browser-embedded crypto token.
Three rounds will make up the competition: the first round will have a cap of 18 competitors; the second round will have a cap of 8, and the winner will get about 34 million Indian rupees ($411,000).
Read: Cryptocurrency news
In recent months, the Indian government has been active in enforcing regulations, particularly in the tech and cryptocurrency sectors. It backed the Financial Stability Board’s suggestions for a global crypto framework and urged for special consideration to be given to developing economies in future guidelines for crypto while serving as the chair of the G20, an intergovernmental meeting of the 20 largest economies in the world.
A bill to loosen the rules governing Big Tech companies’ data compliance was approved by the lower house of the Indian government in August. Global IT behemoths like Microsoft, Google, and Meta would be able to store, handle, and transfer data more easily under the Digital Personal Data Protection Bill 2023.
