Arvind Panagariya holds meeting to take stock of bitcoin risk Meeting was attended by Home Secretary Rajiv Mehrishi and representatives from the Finance Ministry
Outgoing NITI Aayog Vice Chairman Arvind Panagariya on Monday held an inter-ministerial meeting to examine risks related to virtual currencies like bitcoins.
The meeting was attended by Home Secretary Rajiv Mehrishi and representatives from the Finance Ministry.
The government has been debating over the issues concerning bitcoins and in May had sought public opinion on allowing virtual currencies.
The circulation of virtual currencies has been a cause of concern among central bankers the world over for quite a while now. The Reserve Bank of India (RBI) also cautioned the users, holders and traders of virtual currency, including bitcoins.