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.
The price of petrol, diesel, and kerosene in Pakistan has been increased by Rs 30 per liter (in P
Conservative Party's new strategy against Sunak, support to Liz Truss
The struggle for ideology in the ruling Conservative Party is also coming to the fore in the race
Covid 19 in India: More than 4 thousand new cases of corona came in the country, 27 people died
Within the last 24 hours, 4,272 new cases of corona have been reported in the country. 27 people
Prime Minister Narendra Modi will address the Davos Agenda Summit, which is going to be held onli
Russian President Vladimir Putin has made a statement for the first time on the aggressive attitu
Chief Minister and Gorakshpeethadhishwar Yogi Adityanath reached a Dalit's house in Gorakhpur on
The central government on Monday refuted media reports that claimed that the GST (Goods and Servi
The hijab controversy has once again started heating up in Karnataka. Some students of Mangaluru
In the procession taken out in the Jahangirpuri area on April 16 on Hanuman Janmotsav, the encroa
America is ready to do anything to stop China. However, America knows that this is not possible w
