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![KK Mookhey, CEO & Founder - Network Intelligence KK Mookhey, CEO & Founder - Network Intelligence](https://varindia.com/public/storage/news/uploads/2018/02/5aaa539250078.jpg)
KK Mookhey, CEO & Founder - Network Intelligence, “The move to make cryptocurrencies illegal is a major announcement; it is likely to create a negative impact on the price of these currencies, especially Bitcoin.
A better idea may have been to come out with some sort of a regulatory framework around cryptocurrencies. On the other hand, the point raised by the Finance Minister about exploring the usage of blockchain technology for payments is a very good initiative. It will support home-grown technologies that have already invested in the technology and will attract new investments in this technology.”
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