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Govt open to exploring cryptocurrency

Mar 07, 2021 09:12 IST | By Editorji News Desk

Govt is open to evaluating new technologies  and explore cryptocurrencies and has formed a High-Level Inter-Ministerial Committee to look into cryptocurrency said Minister of  State for Finance Anurag Thakur. The Union Minister also said that based on its recommendations the government may present a legislative proposal in Parliament. 

Finance Minister Nirmala Sitharaman on Friday said the government is still formulating its opinion on cryptocurrencies and will take a calibrated position.

The Supreme Court had also asked the Centre in 2019 to frame policies for cryptocurrencies.