Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely.

As regards non-fiat cryptocurrencies, I think we are not comfortable...non-fiat cryptocurrencies like Bitcoins, for example

As far as the Indian government’s stance is concerned, we have not given any legitimacy to cryptocurrency. Yes, we have received the report, and it is under examination.

Bitcoins or any such cryptocurrency are not legal tender and those indulging in such transactions are doing it at their own risk

Any of the financial operators of India (such as Banks etc) are required to stop having a business relationship with the entities dealing with virtual currencies.

Disruptive technologies such as blockchain and internet of things, we will have profound impact in the way we live and work. They will require rapid  adaption on our workplaces - Narendra Modi