India Leading the Race in Crypto & AI Adoption

From Crypto-Token Signatures to AI-Powered Payments, India is Leading in the Every Single Aspect of the Global Crypto and AI Frontier!

India has recently surged from technological infancy to prominence, embracing cutting-edge innovations like AI Adoption, machine learning, and blockchain. This paradigm shift is evidenced by pioneering initiatives underway across various sectors. 

Spearheaded by the Ministry of Electronics and IT, a national web browser project is poised to revolutionize digital interactions, introducing crypto token-based document signatures. Concurrently, the RBI explores the fusion of AI Adoption with its Unified Payments Interface. This propels secure and conversational payments into the future. 

As India takes decisive strides in the realms of crypto and AI, it emerges as a formidable contender in the global race for technological supremacy.

India’s Native Web Browser to Embrace Crypto Tokens: A Step Towards Crypto & AI Adoption

The Ministry of Electronics and Information Technology is leading a project to create a national web browser for India. This browser aims to allow Indian citizens to digitally sign documents using crypto tokens. 

A competition called the Indian Web Browser Development Challenge was launched on August 9th to encourage developers from all across the country to build an indigenous web browser. This browser would come equipped with a Controller of Certifying Authorities (CCA) India root certificate and would prioritize accessibility and user-friendliness, ensuring support for individuals with various abilities.

Indian Web Browser Development Challenge

The competition will consist of three rounds: the initial round will have 18 participants, followed by a reduction to eight participants in the second round. The ultimate winner will receive a prize of approximately 3,40,00,000 INR.

In recent months, the Indian government has been actively involved in regulatory efforts, particularly related to technology and cryptocurrencies. During its participation in the G20, the government endorsed the Financial Stability Board’s recommendations for a global crypto framework and emphasized the importance of considering developing economies in potential crypto guidelines. 

Additionally, in August, the lower house of India’s parliament approved the Digital Personal Data Protection Bill 2023. This bill aims to simplify data compliance regulations for major tech companies like Google, Meta, Microsoft, as well as local firms, by streamlining standards for data storage, processing, and transfer.

Indian Central Bank Explores Use of AI Adoption in UPI System

Apart from that, India’s central bank governor has also suggested the implementation of AI-driven instant “conversational payments” through the Unified Payments Interface (UPI) in both Hindi and English languages on August 10.

The head of the Reserve Bank of India (RBI), Shaktikanta Das, is considering the integration of artificial intelligence technology to facilitate secure conversations with AI-powered systems for making payments. The RBI has outlined a proposal to incorporate functionality that permits users to interact with AI for initiating and finalizing UPI transactions. These developments will further boost AI Adoption in India. 

In the beginning, users will be able to provide voice commands in Hindi and English, with future plans by the central bank to expand this capability to encompass various regional languages.

UPI serves as an immediate method for peer-to-peer and peer-to-merchant transactions on mobile devices, having achieved substantial adoption within the country.

AI Adoption in UPI System

In the preceding month, UPI accomplished a remarkable 9.96 billion transactions, amounting to 15.34 trillion INR in total transaction value. During July, UPI demonstrated a notable 58% year-on-year increase in transaction volume and a 44% year-on-year rise in transaction value.

Advocating for Digital Currency 

Despite the widespread adoption of UPI in India, the Reserve Bank of India (RBI) has introduced its own central bank digital currency (CBDC) known as the e-rupee. Presently, the Indian CBDC is in its initial testing phase.

In the month of July, a report revealed information indicating that HDFC Bank, a private Indian lender, had successfully enrolled more than 100,000 customers and 170,000 merchants in the e-rupee pilot initiative.

Numerous nations are in a competitive race to create their individual CBDCs. According to the Bank for International Settlements (BIS), nearly twenty central banks are projected to launch their digital currencies before the decade concludes.


In a resounding testament to its technological prowess, India strides ahead in crypto and AI adoption. The Ministry of Electronics and Information Technology’s recent groundbreaking venture to forge a national web browser exemplifies this trajectory, enabling digital signatures through crypto tokens. 

Simultaneously, the Reserve Bank of India’s exploration of AI-infused payments via the Unified Payments Interface demonstrates India’s proactive stance on AI Adoption. With crypto and AI adoption as its guiding stars, India illuminates a path of technological leadership.

To know more about Crypto & AI Adoption in India, go check out SunCrypto Academy.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you to please do your own research or consult an expert before making any investment decision. You may write to us at [email protected].

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