Govt Open To Evaluate Cryptocurrencies In Governance: Anurag Thakur

Addressing an event organised by the Entrepreneur's Organisation, Union Minister Anurag Thakur reiterated the Centre's willingness to improve governance by evaluating and using cryptocurrencies. Besides, Anurag welcomed innovation mentioning blockchain technology. Interestingly, the Reserve Bank of India banned cryptocurrency trading in 2018, directing all government-regulated concerns to stop dealing in cryptocurrency. However, the Supreme Court later struck down the restrictions in 2019, asking the Centre to frame policies in 2020.