Though some of the finer details remain unclear, the company - which previously revealed plans to open up a cryptocurrency mine and an accompanying cloud mining service - is planning to use the token as part of a payment system for an upcoming series of products. (coindesk.com)
The IAMAI panel said that it will support governments position to eliminate the use of crypto - assets as part of the payment system. (iconow.net)
The government will «take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» India's finance minister told lawmakers in New Delhi in February, according to a transcript by The Hindu newspaper. (cnbc.com)