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