Indian Finance Minister Urges Global Cooperation for Crypto Regulation

Indian Finance Minister Nirmala Sitharaman has expressed the importance of international cooperation on crypto regulation, Bill, and Discuss Awareness Campaign.

Indian Finance Minister Urges Global Cooperation for Crypto Regulation

The crypto awareness campaign will continue to alter people about the risks of investing in crypto.

Nirmala Sitharaman expresses in a press conference on Monday:

"In India, crypto is on the agenda of G20 this is because we think technology driven crypto asset creation and buying and selling of assets in the crypto world will have to have international cooperation"

She added The reason is they can be operated somewhere else or they can be anywhere but operated in India.

She also added that Indian youth, particularly students put their pocket money into risk crypto assets with the hope of multi returns. 

Regarding the concerns raised about young people entering the world of cryptocurrencies, both regulatory bodies and national security deposit centers have been actively conducting awareness campaigns. The finance minister highlighted that such efforts continue to warn people of the high risks associated with crypto investments. Indian regulators initiated a crypto awareness campaign in January. The government's objective is to educate individuals about cryptocurrencies and alert them about the potential dangers involved.

Nirmala Sitaraman express: 

"Concerning the bill discussion countinues and when there is some update, we will let you know"

Related: India to Introduce Measures Around Crypto This Year