Outgoing NITI Aayog Vice Chairman Arvind Panagariya on Monday held an inter-ministerial meeting to examine risks related to virtual currencies like bitcoins.
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.
Earlier in March, the finance ministry had constituted an inter-disciplinary committee to take stock of the present status of virtual currencies both in India and globally and suggest measures for dealing with such currencies.