Laxmi Coin.. The name is a problem

While there is a discussion on one hand about the RBI regulations on Bitcoins, the promoters of Laxmicoin are reported to be waiting for RBI clarifications for launching their Crypto Currency. (See Economic Times)

Apart from the controversies surrounding Bitcoins in general, Laxmi Coin is likely to encounter another problem of using religious sentiments to promote the coins.

Should the name of the Goddess of Wealth be used for naming a commercial product?… It is worth debating.


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About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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2 Responses to Laxmi Coin.. The name is a problem

  1. Rohit says:

    I think Laxmicoin is excellent name

    and to me Laxmicoin idea looks better than Bitcoin specially for Indian environment

  2. Hrashavarhan says:


    I see the point you have got up here. I’m hoping it will pass off as another product like Laxmibomb or Laxmi Vilas bank or Dhanlakshmi Bank. I’m hoping that secular India will embrace it for all transactions as it is the first Indian fork of the first cryptocurrency.

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