India is “a country that is on the frontline of digital currencies,” said the IMF chief. crypto cryptocurrency bitcoin $BTC
The Indian finance minister raised concerns about the risks of cryptocurrencies at the IMF meeting last week. “I think the biggest risk for all countries across the board will be the money laundering aspect and the aspect of currency being used for financing terror,” she described.Regulation using technology will have to be so adept that it has to be not behind the curve, but be sure that it is on top.
The Indian finance minister added that it is not possible for one country to do it alone. “That’s not possible. If any one country thinks that it can handle it. It has to be across the board,” she stressed.saidMeanwhile, India’s central bank, the Reserve Bank of India , is working on a digital rupee which the finance ministerwill be introduced this financial year. Earlier this month, RBI Deputy Governor T.
“The digital rupee will be the digital form of our physical rupee and will be regulated by the RBI,” Indian Prime Minister Narendra Modi previously
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