India, March 6 -- The government needs to be very careful while taking any decision regarding cryptocurrencies as they are highly volatile and could have security implications, Union minister of state for finance Anurag Thakur said on Saturday, adding that the government was keen to embrace the blockchain technology of virtual currencies.

"We understand there is an immense interest in these emerging virtual currencies, but we also need to look at the national security and securities of Indians and individuals," he said at a virtual event organised by the Entrepreneurs' Organisation (EO) Punjab.

The Indian government has not accepted any cryptocurrency as a legal tender and the Reserve Bank of India (RBI) has cautioned users of cryptocur...