Indian legislature says that crypto has to be blocked if it is used for illegal purposes - regulation
Indian legislature says that crypto has to be blocked if it is used for illegal purposes - regulation
India's Foreign Minister says that cryptocurrencies have to be blocked if they are used for illegal purposes, such as “to start cyber attacks in India, start other attacks on India to do other types of illegal and unethical work such as drugs”. Trade. " In the meantime, the Indian government reports changes to the crypto law, which is to be dealt with in the current parliamentary session.
The Indian Foreign Minister Meenakshi Lekhi has reportedly emphasized that cryptocurrencies have to be blocked if they are used for illegal means to violate India's sovereignty and integrity. Lekhi is also India's current Minister of State for Culture. In May 2014 she was elected to the 16th Lok Sabha by the Bharatiya Janata Party (BJP). She was re -elected in the 17th Lok Sabha in May 2019. on the sixth Global Technology Summit, which was organized jointly by the Foreign Ministry and Carnegie India last week, Lekhi was cited by the Ians publication with the words: If cryptocurrency is to be used to start cyber attacks in India to start other attacks on India to do other types of illegal and unethical work such as drug trafficking, I have to stop all of this. "I am sure that the Ministry of Finance and the IT Ministry would have dealt with these aspects in detail," she added. The minister continued: "The cryptocurrency platforms and exchanges are a number of people who try to avoid taxes and take the money out of the country without gaining advantages to the country in which they produce this wealth." In the meantime, the Indian government is supposedly to the cryptocurrency law, which in the current session of Lok Sabha, the lower house of Indian parliament, should be treated. The Indian Prime Minister Narendra Modi has led some meetings for crypto legislation in India and becomes a final decision for cryptor regulation. He recently said that cryptocurrency should be used to and does not undermine it. the latest reports indicate that the government is planning to regulate crypto-assets, but to prohibit the use of cryptocurrencies for payments. However, the central bank, the Reserve Bank of India (RBI), said great concerns about cryptocurrency and said at its latest board meeting that cryptocurrency must be completely banned , whereby it is emphasized that a partial ban does not work. What do you think of the comments of this Member of Parliament? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons Indian Minister of State for Foreign Affairs on Cryptocurrency and Cryption Regulation
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