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For example, a point system across select vendors. Points are purchased in cash and usable for transactions. Merchants redeem points for cash. There is no desire to make it legal tender, just an opt in for merchants.

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by Guru (88.1k points)
l looked at it from the IT side of things although it sounds more of issues dealt by Ministry of Finance.

From what l kno, there is no policy on virtual currency from the MICT, if you want to know how effective in bringing policies our ministry of ict is, read this;

Research and Development Policy was last updated in July 2009.

The Legal Services side of things was last updated in Feb 2010.

Now, where virtual currency are used, a very sound and robust IT infrastrature in required to run non-interruptively in the background interconnecting every dealer associated with such initiative.
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