Minister of State of Finance and Corporate Affairs, Anurag Thakur has said that there is a need to always evaluate, explore and encourage new ideas with an open mind.
During an event in Punjab, he said that the government welcomes innovation and new technology and PM Narendra Modi is a strong supporter of embracing technology is various fields while answering a media query. He also said that an inter-ministerial committee was constituted and government would take a decision on its recommendations.
“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,” Anurag said.
“We welcome innovation and new technology. Prime Minister Narendra Modi himself is a strong advocate of embracing technology in various aspects of governance,” he added.
“A high-level Inter-Ministerial Committee was constituted. The government would take a decision on the recommendations of the committee and the legislative proposal. If any, would be introduced in the Parliament following the due process,” He said.
After all, in the aftermath of the financial crisis, it is this virtual currency that emerged and allowed people to bypass banks and all traditional payment processes to pay for anything.