Indian Prime Minister Modi heads crypto meeting after consultation with RBI, Ministry of Finance-Regulation
Indian Prime Minister Modi heads crypto meeting after consultation with RBI, Ministry of Finance-Regulation
The Indian Prime Minister Narendra Modi has reportedly led a comprehensive meeting on cryptocurrency and related topics in India. The meeting was the result of a consultation process in which the Central Bank, the Reserve Bank of India (RBI), the Ministry of Finance and the Ministry of the Interior were involved.
pm modes leads crypto-Meeting
India's Prime Minister Narendra Modi reported reportedly on Saturday a very comprehensive meeting for cryptocurrency and related affairs. Ani News reported, citing government sources:
Today's meeting under the chair of Prime Minister Narendra Modi on the way forward for cryptocurrency and the associated questions was very comprehensive.
"One was strongly convinced that attempts to mislead the young people through excessive and opaque advertising," added the publication.
The meeting "was also the result of a consultation process, since RBI [The Reserve Bank of India] The Ministry of Finance and the Ministry of the Interior had carried out a detailed exercise and consulted experts from all over the country and the world."
In addition, it was discussed at the meeting that unregulated cryptoma markets should not become "access to money laundering and terrorist financing", the news agency said and added that the government is "aware that this is a developing technology, so the government will do so". Watch carefully and take a proactive steps. ”
The publication further detailed:
On Monday, India's Parliamentary Standard Financial Committee keep a meeting with representatives Crypto industry. This was India's first parliamentary discussion about the broad topic of crypto financing, including the industry.
"There was an insight that cryptocurrency cannot be stopped, but it has to be regulated ... there was agreement that a regulatory mechanism should be introduced to regulate cryptocurrency," said ani publication. "The members of the Parliament's permanent finance committee now want government officials to appear before them and address their concerns."
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