
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.
Air India flight AI173 from Delhi to San Francisco had a technical glitch in one of its engines o
Have you ever thought of vacationing on a cruise ship? Most of India's population can dream of sp
Pakistan Tehreek-e-Taliban (TTP) founder commander Umar Khalid Khurasani alias Abdul Wali Mohamma
Bigg Boss winner Elvish Yadav appeared before Noida Police in connection with the case of supplyi
The Supreme Court on Wednesday said it will consider an early listing of petitions challenging th
Earthquake tremors were felt in Delhi-NCR and Kashmir at 7:56 pm on Thursday. According to the Na
The Sri Lankan team has been announced for the three-match T20I series against India (Ind vs Sl T
Russia's population is declining. The country's President Vladimir Putin is upset by this. He has
After losing the match they had won against KKR, Sunrisers Hyderabad reached their home ground. I
Delhi Election 2025: Final voter list released in Delhi, more than 1 crore 55 lakh voters will vote
Assembly elections are going to be held in Delhi. For which the Election Commission released the