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India intends to implement cryptocurrency tokens in its forthcoming domestic web browser.
Citizens of India may soon have the capability to digitally sign documents using crypto tokens. This feature is part of an initiative aimed at creating a national web browser, led by the Ministry of Electronics and Information Technology.
On August 9, the ministry revealed the commencement of the Indian Web Browser Development Challenge, which aims to “inspire and empower” developers nationwide to build a homegrown web browser that includes a Controller of Certifying Authorities (CCA) India root certificate. As stated in the announcement:
“[The] Proposed browser would also focus on accessibility and user friendliness, ensuring built-in support for individuals with diverse abilities.”
The announcement features the capability to digitally sign documents via a crypto token, which will be integrated into the browser.
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The competition will unfold over three phases: in the initial phase, participants will be capped at 18; following the second phase, the number will be reduced to eight, with the ultimate winner receiving approximately 34 million Indian rupees ($411,000).
Related: Indian Supreme Court raps Union government on crypto rules delay. Report
The Indian government has been proactive in its regulatory initiatives in recent months, particularly concerning technology and cryptocurrency. During the intergovernmental forum of the 20 largest global economies, known as the G20, it endorsed the Financial Stability Board’s recommendations for a worldwide crypto framework and emphasized the need for special consideration for developing economies in potential crypto guidelines.
In August, the lower house of India’s parliament passed a bill aimed at simplifying data compliance regulations for major technology firms. The Digital Personal Data Protection Bill 2023 seeks to streamline standards for storage, processing, and transfer for global tech giants such as Google, Meta, and Microsoft, as well as local companies.
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