Tag Archives: Nirmala Sitharaman

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up India’s Minister of Finance Nirmala Sitharaman says cryptocurrencies will take up most of the chat time during this year’s upcoming G20 presidency event in India. Nirmala Sitharaman on Crypto in India Not long ago, Sitharaman visited Washington and explained in a statement: Given so many collapses and shocks in...

India’s Finance Minister insists that the only way to protect investors worldwide lies in putting concerted efforts into a global framework. The G20 is presently working on a global framework that will help member nations to deal with risks that may arise from their crypto-related dealings. To this end, the India-led presidency of the intergovernmental group has said that all nations must get on board with the idea of developing a global crypto policy, a local news report claims. According...

Union Finance Minister Nirmala Sitharaman of India commented that crypto regulation has become a major priority for several finance ministers and central bank governors of G20 countries. She commented that during this year’s summit, crypto regulation is likely to be a hot topic that many of them will discuss. Nirmala Sitharaman: Crypto Regulation Must Be Enforced By All Nations Sitharaman also commented that crypto regulation will likely have to be a group effort. There...

India is still having a tough time deciding if it wants to allow crypto in its future or not. One of the people casting doubt on whether digital currencies have a space in the later years of India is Union Finance Minister Nirmala Sitharaman, who last Monday explained in an interview that money laundering is a big concern amongst her constituents. India Is Worried about Crypto Money Laundering She believes that money laundering and other illicit crimes are too big to...

It looks like the Union Cabinet of India is ready to take on a bill that will potentially regulate cryptocurrency in the country. The Crypto Fight in India Continues The news came by way of Finance Minister Nirmala Sitharaman, who explained on Monday morning: Cabinet note is ready on cryptocurrency bill. I am awaiting cabinet to clear that. The fight between India and cryptocurrency has been going on for several years. Things ultimately began in 2018 when the country...

As we all know by now, India is not too pleased with the prospects of bitcoin and cryptocurrency. The country is presently contemplating a new law that if passed, would ban all crypto activity and trading in the future. India Is Not Crazy About Crypto However, another part of the law has not yet been discussed, and that is the one that allows the government of India to examine the past transactions of all the country’s citizens. This is rather dangerous in the sense that...