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.
Union Minister Dharmendra Pradhan targeted Congress leader Rahul Gandhi fiercely. He said that th
If you have an account in any bank today, then this news is very important for you. The opening h
Tahawwur Rana, accused of the 2008 Mumbai terror attacks, has been extradited from the US to Indi
Argentina and Paris Saint-Germain (PSG) star footballer Lionel Messi has apologized for traveling
NCRB Report 2021: 86 rape cases registered every day, 49 crimes against women every hour
The extent to which crimes against women are increasing in the country is reflected in the report
On completion of one year of consecration of the idol of Ramlala, the annual ceremony will be cel
After the abrogation of Article 370, elections can be held in Jammu and Kashmir for the first tim
'To please RSS...' Congress enraged by CPI leader's comment on Rahul and Priyanka
Congress and Indian Union Muslim League (IUML) leaders have strongly criticized the controversial
The government has now permitted for export of broken rice till 30 September. But this can be don
Sambhal DM Dr. Rajendra Pensia went to meet Sant Premanand Maharaj at his Shriradha Keli Kunj in
