Telangana state government in India announces blockchain policy this update is brought to you by coin checkup news updates and was originally published on Bitcoin news.com the state government in Telangana in southern India has announced its initial draft blockchain policy which is expected to be upheld and implemented within a month the new development will mean that Telangana will become the first Indian state to come up with a probe blockchain policy the capital of the state Hyderabad is aiming to become one of the top 10 blockchain cities in the world according to the master plan a blockchain district will be developed in Hyderabad and we'll invite major blockchain companies from around the world to come and work there additional development work will include a world-class incubator research and development facility and a blockchain Institute as per the draft policy the state will also provide office space at subsidized rates for innovators and students from around the world a tax break may also be considered to help lure blockchain companies from around the world into the southern India state the policy will be finalized in about a month after we get feedback the indian government overall is currently in a love-hate relationship with blockchain and its associated technologies while currently crypto currencies are nearly banned in the country the government is eager to harness the new sector due to India's competency in the IT sector and are looking at ways to ease restrictions and help the industry grow in the country India is also looking to employ blockchain solutions in various fields including agriculture in the public sector thanks for watching this video if you want to read the whole article you can go to coin checkup calm or go to Bitcoin news.com who originally published this news update on their website coin checkup calm for all your crypto news updates market analysis predictions and investment stats