India starts talking about regulating crypto
Join Our Telegram channel to stay up to date on breaking news coverage We have recently reported extensively on cryptocurrency regulation efforts in the United States. The Security and Exchange Commission (SEC), led by Gary Gensler, has aggressively pursued various crypto firms and numerous government voices have been very vocal about the need for regulation. What is the situation in India, a country with 1.4 billion people? Over there, cryptocurrency assets are also presently unregulated, and the Indian government does not officially recognize cryptocurrency exchanges. Union Finance Minister Nirmala Sitharaman emphasized that all nations must be on board for any regulating system in order for it to be effective, pointing out that bitcoin as a technology is borderless in nature. and that it thus requires “international collaboration.” On Sunday in Karnataka, she was replying to a question on cryptocurrencies in an interactive session. Because technology has ...