Govt open to evaluate and explore cryptocurrencies, says Anurag Thakur

Union minister Anurag Thakur on Saturday said the government is open to examine and check out new systems, such as cryptocurrencies, for increasing governance.

Prime Minister Narendra Modi himself is a solid advocate of embracing technological know-how in various facets of governance, the Minister of Point out for Finance said when addressing an event organised by Entrepreneurs’ Organisation – EO Punjab.

“Permit me say that we welcome innovation and new technological know-how…blockchain is a new rising technological know-how. Cryptocurrency is a kind of virtual forex. I firmly believe that that we will have to normally examine, check out and motivate new ideas with an open intellect,” he said.

A Significant-Stage Inter-Ministerial Committee (IMC) was constituted under the Chairmanship of Financial Affairs Secretary on digital currencies and it has submitted its report.

The government would acquire a determination on the recommendations of the IMC and the legislative proposal, if any, would

Read More