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.
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