International collaboration key to effective crypto regulation, says Finance Minister

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Finance Minister Nirmala Sitharaman on Monday, December 8, said that it will take “significant international collaboration” to efficiently regulate cryptocurrency and other virtual digital assets (VDAs). 

Speaking at the Lok Sabha, the minister said that India does not collect data nor regulate the crypto industry that is “inherently borderless” in nature.   

“Any regulatory framework for crypto assets can be effective only with significant international collaboration,” Sitharaman said.

The minister’s statement of avoiding complete regulation of…



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International collaboration key to effective crypto regulation, says Finance Minister


Finance Minister Nirmala Sitharaman on Monday, December 8, said that it will take “significant international collaboration” to efficiently regulate cryptocurrency and other virtual digital assets (VDAs). 

Speaking at the Lok Sabha, the minister said that India does not collect data nor regulate the crypto industry that is “inherently borderless” in nature.   

“Any regulatory framework for crypto assets can be effective only with significant international collaboration,” Sitharaman said.

The minister’s statement of avoiding complete regulation of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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