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.
Delhi Chief Minister and Aam Aadmi Party national convenor Arvind Kejriwal, accused in the money
The second match of the 3-match Test series between Pakistan and Australia will be played at the
There has been a big disclosure in Bollywood's most talked-about Cordelia Cruz drugs case. Englis
Five anti-hijab protesters have been sentenced to death in Iran. According to the statement issue
For three years, many variants of the coronavirus and their mixed sub-variants are coming out. Re
A case has been registered against those who offer Namaz at Lulu Mall in Sushant Golf City. The p
UGC: Nearly eight out of 10 Indians prefer to study abroad, claims report
Indian campuses of foreign universities: The University Grants Commission (UGC) unveiled draft no
The Special Branch of Delhi Police took the accused in the Parliament security breach case and in
Due to heavy rain in UAE, more than 30 flights operating between India and Dubai had to be cancel
Politics has heated up in Madhya Pradesh after the slogan 'Pakistan Zindabad' was allegedly raise
