Enterprise Minister Laurence Skelly says it's unlikely the Isle of Man Government will be the first to develop a cryptocurrency.
He was asked by Arbory, Castletown and Malew MHK Jason Moorhouse in the House of Keys yesterday what research his department has undertaken into the advantages and disadvantages of such a decision.
In response, Mr Skelly said the department hasn't done any formal research into issuing a virtual currency like Bitcoin.
He also said a number of other countries are actively considering the same idea, so it's unlikely the Isle of Man Government would be the first.
Repairs on Peel Power Station to get underway
Manx Care doctor survey to be discussed by Tynwald
Weather warning for snow tonight
MHK queries safety at primary school in Ballabeg
Gales put two ferry sailings at risk tonight
Should the Island throw a birthday party for Barry Gibb?
Warning issued over icy roads
High ground could see 4 inches of snow on Saturday night
