In an interview with Businessline on Monday, Indian Finance Minister Nirmala Sitharaman emphasized the need for global consensus on cryptocurrency regulation. Sitharaman highlighted the importance of international cooperation, particularly within the G20, to address the challenges of regulating cryptocurrencies.
Last week, the Securities and Exchange Board of India (SEBI) provided recommendations to a government panel on the regulation of crypto assets, advocating for different regulatory bodies to oversee various aspects of cryptocurrency transactions. Meanwhile, the Reserve Bank of India (RBI) also submitted its views on cryptocurrencies. The central bank expressed concerns, emphasizing the macroeconomic risks associated with cryptocurrencies and highlighting issues related to tax evasion and fiscal stability.
Tags:
Cryptocurrency
Indian Finance Ministry
Source link:
https://news.bitcoin.com/indian-finance-minister-crypto-regulation-needs-globa…
Note: The views expressed in this article are solely those of the author and do not constitute investment advice.
Original article link:
https://www.bitpush.news/articles/6765966
Related News:
Ethereum ETF on the Horizon? Observing the Game between Wall Street and SEC
Sotheby’s Becomes a Clown? CryptoPunks Sellers Mock New York’s Elite
Web3 Gaming Weekly Report (5.05 – 5.11)
Coingecko: How Many Low Circulating Supply Cryptocurrencies Are There? How Many Have Fully Diluted Market Cap?
Lawyers Taking Over Coders’ Jobs? Ava Labs Founder Predicts How AI Will Reshape Smart Contracts