Indias Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister – Regulation Bitcoin News - BitcoinEthereumNews.com
Indian Finance Minister Nirmala Sitharaman says that the country‘s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it,” she added. Finance Minister on Indian Crypto Regulation Indias finance minister, Nirmala Sitharaman, discussed cryptocurrency regulation Wednesday at a fireside chat organized by Stanford University School of Medicine. She explained that India will not rush to finalize the countrys crypto policy. On the contrary, she said India will take an informed decision after due deliberations across multilateral fora, the Mint reported. Sitharaman admitted that blockchain technology has the potential to improve Indias economy. “Blockchain is full of potential not just in the payments arena but also in many others,” she described, adding: Our intention is in no way to hurt the ecosystem, or to even say that we dont need it, but to define for ourselves how we need them and in what ways their growth should be facilitated and how we are going to handle it. However, the finance minister also emphasized that “it also can be manipulated for not so desirable ends — whether it is money laundering or leading to financing terror.” Kevin Helms Isang estudyante ng Austrian Economics, natagpuan ni