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.
Russia-Ukraine war: Ukrainian MP praises PM Modi, appreciated Indian stance on war
Ukraine MP Vadim Halaichuk has praised PM Modi. He said that we are grateful for Indian PM Narend
Australian team captain Steve Smith announced his retirement from ODI cricket. The Indian team de
The film 'Laapataa Ladies', directed by Kiran Rao, may not have performed very&nbs
Netflix Plan: Netflix's cheap plans will be launched soon, partnership with this big company
If you are also complaining that Netflix plans are not cheap, so you are not able to watch popula
Was Esha Gupta Hardik Pandya's dream girl? The bold queen said- we were on a dating stage...
Along with Hardik Pandya's cricket career, his fans are also impatient to know about his love lif
Rajnath Singh: Rajnath Singh said - Ammunition is proof of the country's economic strength
The opposition in the country is besieging the government on economic issues. Meanwhile, Defense
The fourth match of the five-match Test series is being played between India and England at Old T
The New Year's countdown has begun. In a few hours, the whole world will be celebrating the New Y
Crypto Terror Funding: Using Cryptocurrencies For Terror Funding, How Safe Is Your Investment?
The State Investigation Agency (SIA) of Jammu and Kashmir Police on Wednesday raided several plac
Sunrisers Hyderabad lost the match against Gujarat on Sunday. The guests defeated them by seven w
