In the next months, the discussion over cryptocurrency regulation is expected to flare up.
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color:#252525">Digital Desk: As per sources, the finance ministry is mulling
cryptocurrency laws. The development comes amid ongoing concerns about
financial instability and the hazards associated with digital assets.
color:#252525">According to sources, most countries view cryptocurrency as a
source of terror funding and money laundering.
color:#252525">According to reports, India had negotiations with other
bilateral partners and international organizations on global regulation of
private cryptocurrencies on the sidelines of the G20 summit.
color:#252525">In the next months, the discussion over cryptocurrency
regulation is expected to flare up.
color:#252525">"By definition, cryptocurrency is transnational,
necessitating international coordination to prevent regulatory arbitrage.
" As a result, any law for regulation or prohibition may be successful
only after extensive international collaboration on evaluating risks and
advantages, as well as the establishment of a common taxonomy and
standards," Finance Minister Nirmala Sitharaman had stated.
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