We Must Encourage New Ideas Says India’s Finance Minister on Bitcoin

anurag thakur india minister finance corporate affairs

Anurag Thakur (pictured), India’s Minister of State for Finance and Corporate Affairs, seems to suggest the Indian government is backtracking on a speculated ban of bitcoin. Speaking at the Punjab Chapter of the Entreprenuers Organisation this Sunday, the minister said, and we transcribe in full: “We welcome innovation and new technology. I look at prime minister Modi, he himself is a strong advocate of embracing technology in various aspects of governance. These are two different issues we weighting. Blockchain is the new emerging technology. And cryptocurrency is a form of digital currency. Many currencies, whether it is bitcoin and others, they’re all there. We understand there is immense interest in these emerging virtual currencies, but we also need to look at the national security and the security of India and individuals. I firmly believe that we must always evaluate, explore and encourage new ideas with an open mind. The government…

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