On Sunday, Union Finance Minister Nirmala Sitharaman stated that before India takes any action on regulating cryptocurrencies, there must be a global consensus for crypto regulation.
According to Sitharaman, to effectively regulate it, a global template may need to be developed, and everyone would need to collaborate on it, according to PTI.
Although “distributed ledger technology” has merit and promise, the Union Minister insisted that this does not mean that it should be controlled.
I’m delighted the G20 has maintained it on its agenda for this year, stated FM.
The IMF has released a study on cryptocurrency and the way it might affect macroeconomic stability