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Home > Uncategorized > ‘Makes an attempt to mislead youth by overpromising ought to cease’: PM Modi chairs key meet on cryptocurrency | India Information

‘Makes an attempt to mislead youth by overpromising ought to cease’: PM Modi chairs key meet on cryptocurrency | India Information


NEW DELHI: The Centre on Saturday raised considerations over the usage of cryptocurrency for cash laundering and terror financing.
Prime Minister Narendra Modi chaired a key assembly on the way in which ahead for cryptocurrency and associated points, authorities sources mentioned.
Throughout the assembly, it was highlighted that makes an attempt to mislead the youth via overpromising and non-transparent promoting must be stopped.
“The assembly chaired by PM Modi on the way in which ahead for cryptocurrency and associated points was additionally an end result of a consultative course of as RBI, finance ministry, dwelling ministry had carried out an elaborate train on it in addition to consulted consultants from throughout the nation and world,” information company ANI quoted the sources as saying.
It was additionally mentioned that unregulated crypto markets can’t be let to turn out to be avenues for cash laundering and terror financing.
“Authorities is cognizant of the truth that that is an evolving expertise therefore the federal government will maintain a detailed watch and take proactive steps,” it added.
Within the assembly, there was consensus additionally that the steps taken within the discipline of cryptocurrency by the federal government shall be “progressive” and “forward-looking.”
“Authorities will proceed to pro-actively have interaction with the consultants and different stakeholders. Because the difficulty cuts throughout particular person international locations’ borders, it was felt that it’ll additionally require world partnerships and collective methods,” it mentioned.





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