Finance Minister Nirmala Sitharaman on Friday called for action at the global level for the ever-changing technology and effective regulation of mobile payment systems. He said that as of now, regulators are busy regulating the ever-evolving technology. They don't have any mechanism by which to regulate it.
He said in the Infinity forum that even when we are thinking at the national level, there has to be a global system. This will enable us to continuously monitor the changing of technology. This will happen whether it is Cryptocurrency or technology-based payment, data privacy - everything can be monitored through a single system. He said that there is a preparation to bring a bill on Cryptocurrency.
Explain that the government is thinking of regulating virtual currency like Bitcoin through The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021. Along with this, the bill also talks about promoting the technology used in Cryptocurrency. Because the government believes that it is quite safe.
Earlier, UIDAI CEO Saurabh Garg said that his organization is looking at collaborating with other countries and international organizations to build digital identity systems across the world. Saurabh Garg gave this information during a panel discussion with Paytm Founder Vijay Shekhar Sharma at Infinity Forum.
He said that the authority is exploring emerging technology to enhance security and increase the number of transactions that can be done from the Aadhaar. Garg said, “We think we will be happy to collaborate with other countries going forward… We also look forward to collaborating with international organizations in building international institutions for standards of national identity. We look forward to collaborating with various countries in the future and deciding whether digital identities can become a medium of empowerment around the world. be available."
He said that 99.5 percent of the population in India now has an Aadhaar number and five crore authentications are done daily to verify various transactions. Earlier, at a separate event on Thursday, Garg said that UIDAI is working with the World Bank and the United Nations to build infrastructure in other countries.
Climate Change: Average temperature will increase from 20.4 °C to 39.7, and will heat up more at night
Rapidly increasing heat will cause six times more deaths by the end of this century. The high temperature during the night will also disturb the sleep and physical functions of the people. Not only
Pakistan helpless in front of Bhuvneshwar: Rizwan tied up, sent Babar to the pavilion on a bouncer; Excellent bowling even in the death overs
Team India's number one fast bowler Jasprit Bumrah is not a part of the team, it will be difficult in the Asia Cup. At least Mohammed Shami should have gotten a place on the team. This thing was in
Delhi Capitals : Delhi Capitals will be in bad condition without Rishabh Pant, David Warner will not be able to get a playoff ticket
Even before the start of the 16th season of the Indian Premier League (IPL 2023), the Delhi Capitals team suffered a major setback. The team will not be able to get the facilities of Rishabh Pant, the
Saif Ali Khan Attack: Came to India after infiltrating from Bangladesh, then attacked Saif; What was Mohammad Shariful's intention?
Mumbai Police caught the attacker who stabbed Bollywood star Saif Ali Khan in the early hours of Sunday. Police have arrested the accused from Thane. Police said that the accused had come to Mumbai
Rajnath Singh: Defense Minister Rajnath met soldiers in Imphal, said - I also wanted to join the army
Defense Minister Rajnath Singh met Army and Assam Rifles personnel in Imphal today. During this, he interacted with the officers and jawans and also got to know their condition. Rajnath Singh said,
Know how long will Deepak Chahar be fit, big update on Washington Sundar's injury too
India's T20 specialist pacer Deepak Chahar will take some more time to fully recover from a hamstring injury. It is being told that Deepak Chahar will be fully fit in the next four to five weeks and
Udaipur Files: The Supreme Court is ready to hear the case of the film 'Udaipur Files', which is why its release was banned
The film 'Udaipur Files' is in the headlines these days. Recently, the Delhi High Court had banned the release of this film. Now the Supreme Court has agreed to hear the petition demanding the removal
Putin threatened nuclear attack: Said - if someone interferes in Ukraine, will not tolerate it, Russia will respond fatally
Even after two months of the Ukraine war, the heat of war is not decreasing, but the crisis of nuclear attack on the world is deepening. Russian President Vladimir Putin has threatened Western
UP is ready: Preparations to promote Nipun Bharat Mission, a program organized on July 21 in Lucknow
Under the New Education Policy, 2020, the Government of Uttar Pradesh is going to take forward the Basic Literacy and Numeracy (FLN) mission once again. Let us inform you that Uttar Pradesh was the
Indian oil companies can buy stake in Russian company, government has ordered
India has asked state-owned energy companies to evaluate the possibility of buying European oil major BP's stake in sanctions-hit Russian firm Rosneft. BP has announced that it is selling its 19.75%
