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Unhosted Crypto Wallets Pose Risk At Global Level, Says Nirmala Sitharaman at IM...
source link: https://nextbigwhat.com/unhosted-crypto-wallets-pose-risk-at-global-level-says-nirmala-sitharaman-at-imf/
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Home Web 3 Unhosted Crypto Wallets Pose Risk At Global Level, Says Nirmala Sitharaman at IMF
Unhosted Crypto Wallets Pose Risk At Global Level, Says Nirmala Sitharaman at IMF
- April 19, 2022
- Finance Minister Nirmala Sitharaman on Monday raised concerns on the risks of cryptos being exchanged in an unregulated environment and highlighted the importance for global efforts and central bank-driven digital currency.
- Raising concerns over money laundering in new digital assets, she said India wanted to ensure that crypto transactions would eventually become compliant with anti-money laundering rules, and don’t end up inadvertently funding any kind of terror activities.
- Highlighting the importance of concerted global efforts, she noted that regulation cannot be brought about by a single country, adding that there were challenges in bringing in a global regulation.
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