In a transparent indication that the Centre is on the verge of formulating a long-term digital forex technique, Prime Minister Narendra Modi on Saturday chaired a complete assembly on the best way ahead for cryptocurrency and associated points.
Prime sources after the assembly stated that the primary regulatory measures the federal government may provoke after the PM’s assessment could be in opposition to two deficiencies that go together with the recognition of cryptocurrencies — over-promising and lack of transparency. This may contain placing authorized curbs in opposition to deceptive and non-transparent promoting.
The sources stated that unregulated crypto markets can’t be allowed to turn out to be avenues for cash laundering and terror financing.
#PMModi #Cryptocurrency #IndiaToday
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