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Govt open to evaluate and explore cryptocurrencies, says Anurag Thakur


Union minister Anurag Thakur on Saturday said the government is open to evaluate and explore new technologies, including cryptocurrencies, for improving governance.
Prime Minister Narendra Modi himself is a strong advocate of embracing technology in various aspects of governance, the Minister of State for Finance said while addressing an event organised by Entrepreneurs Organisation - EO Punjab.
Let me say that we welcome innovation and new technology.blockchain is a new emerging technology. Cryptocurrency is a form of virtual currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind, he said.
A High-Level Inter-Ministerial Committee (IMC) was constituted under the Chairmanship of Economic Affairs Secretary on digital currencies and it has submitted its report. ....

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High-Level Inter-Ministerial Committee Formed To Accept Cryptocurrency As Legal Tender: Anurag Thakur


A legislative proposal may be presented based on recommendations of the Committee
Amid reports of the rising presence of bitcoins and other forms of virtual currencies in India, Minister of State for Finance and Corporate Affairs Anurag Thakur on Saturday said the government has formed a High-Level Inter-Ministerial Committee to look into cryptocurrency, and based on its recommendations the government may present a legislative proposal in Parliament. Blockchain is a new emerging technology. Cryptocurrency is a form of digital currency. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind, said the MoS while answering a media query about cryptocurrency at an event in Punjab. ....

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