Crypto regulation will be ineffective, without global consensus: FM Sitharaman

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.

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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.

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Although “distributed ledger technology” has merit and promise, the Union Minister insisted that this does not mean that it should be controlled.

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I’m delighted the G20 has maintained it on its agenda for this year, stated FM.

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The IMF has released a study on cryptocurrency and the way it might affect macroeconomic stability

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