Government open to evaluate, explore cryptocurrencies, says Anurag Thakur

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.

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