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.
Despite increasing online and e-commerce, 86 percent of people in the country prefer to buy goods
Aam Aadmi Party (AAP) national convenor and former Delhi Chief Minister Arvind Kejriwal will visi
Haryana Deputy Speaker Ranbir Gangwa and Hisar Mayor Gautam Sardana's wife participated in the vi
Protests continue in Rajasthan, Haryana, Gujarat, and the national capital, Delhi, over the Arava
After the Ukraine war, the European countries which had turned a blind eye to the decades-old rel
There was a ruckus on Dravid's advice to Saha to retire, what is inside
The controversy of Wriddhiman Saha, who was the wicket-keeper batsman of the Indian team, is in t
Britain has warned China about any kind of attack on Taiwan on 25 April. Britain said that if Chi
Bollywood superstar Ranbir Kapoor is constantly in the news for the film Animal. The film made hu
IND vs ENG: 'I forgot what my position is...', why did KL Rahul say this after his century?
The Indian team performed brilliantly on the fourth day of the Headingley Test. Especially the pa
The new variant of Corona, Omicron, will be the reason for its elimination. A former scientist of
