Business News
Home > Business News
Global action needed to regulate technology like cryptocurrency: Sitharaman
TIWN
TIWN
PHOTO : TIWN
New Delhi, Dec 3 (TIWN) Finance Minister Nirmala Sitharaman on Friday said collective "global action" is the only way to regulate the evolving technologies, including the cryptocurrencies.
"Even as we are thinking about at a national level, there should simultaneously be a global mechanism through which we are constantly monitoring the movement of technology, so that whether it is your cryptocurrency, whether it is tech-driven payment system, data privacy..." she said.
Her comments come at a time when the government is preparing to come out with legislation to regulate cryptocurrencies. It is expected that the Centre might table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the ongoing session of Parliament.
Add your Comment
Comments (0)
More Business News
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report