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India to considered view on crypto
April 28, 2022
Flagging concerns over likely misuse of crypto, Finance Minister Nirmala Sitharaman on April 27 said that India will take a considerate decision on guidelines around the virtual currency.
During a communication at Stanford University, she said, “The decision on crypto won’t be rushed through,”.
“It should take its time we all to be certain that at least within a given accessible data, we’re taking the decern choice. It can’t be rushed through,” she said.
The minister clarified that the government is open to promoting innovation and well-grounded progress made in the distributed ledger technologies, which are coming in the block chain.
“Thus, our aim is in no way hurt this (innovation around crypto) however (we want to) define for ourselves,” she said.
Thus, these are some of the concerns, India has, but many nations of the world have and are also discussed in the goals, multilateral platforms, she added.
Prior to April 19, the finance minister had said that the biggest risk of cryptocurrency could be money laundering and its use for unwanted activities.
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