India Not Against Blockchain Tech, But Cryptocurrency Should Be Monitored, Says FM

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India is not against blockchain technology, but currencies have to be monitored by either the government or the central bank, Finance Minister Nirmala Sitharaman said on Saturday.

Katso liittyvä artikkeli: Intia asettaa kryptoteollisuudelle rahanpesumääräyksiä

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"[Blockchain] antaa meille niin monia vaihtoehtoja. Sitä voidaan käyttää niin monella eri tavalla. Emme siis vastusta tekniikkaa, Sitharaman sanoi at an event in Bengaluru.
“But on currency, we think [it] has to be driven by either the government or the central bank. Otherwise, it can be like those that have collapsed, causing huge spillover effects all over the world, like FTX," hän sanoi.
The Reserve Bank of India, the nation’s central bank, has launched pilot trials for retail and wholesale central bank digital currencies. According to Sitharaman, the digital rupee intends to improve cross-border and bulk payments to minimize losses on arbitrage.
Intia, maailman väkirikkain maa, is aiming for a global consensus in regulating crypto assets.
“Global order has become so interlinked that one country taking any step when it comes to regulating crypto assets will be ineffective because technology doesn’t care for boundaries or borders,” Sitharaman sanoi.
The South Asian nation is also looking to prepare students on cryptocurrency and artificial intelligence. It has announced the introduction of these topics in certain school curriculums from the next academic year.
India has been tackling digital assets with caution. Last year, Sitharaman imposed 30 % tasavero kryptotuloista ja a 1 % lähdevero (TDS) kryptokaupoissa yli 10,000 122 Intian rupiaa (XNUMX dollaria).
Intia ei myöskään salli kryptokauppiaiden sitä korvata tappiot against gains. It has introduced a penalty TDS:n suuruinen vähennyksen laiminlyönnistä, 15 prosentin vuosikorko maksuviivästyksestä ja jopa kuuden kuukauden vankeusrangaistus.
India is currently the president of Group of 20, an intergovernmental forum of the world’s major economies, and has listed cryptocurrency and its regulation as one of the agendas for discussion.
Katso liittyvä artikkeli: Valtiovarainministeri sanoo, että krypton yhteinen sääntelykehys tulee Intian G20-puheenjohtajuuskaudella