The meeting chaired by PM Modi on the way forward for cryptocurrency and related issues was also an outcome of a consultative process as RBI, finance ministry, home ministry had done an elaborate exercise on it as well as consulted experts from across the country and world,” news agency ANI quoted the sources as saying.
It was also discussed that unregulated crypto markets cannot be allowed to become avenues for money laundering and terror financing.
“Government is cognizant of the fact that this is an evolving technology hence the government will keep a close watch and take proactive steps,” it added.