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Nirmala Sitharaman Insists Digital Money Should Be Regulated, But Supports Blockchain

Nirmala Sitharaman Says India May Not Follow El Salvador Soon, But a Futuristic Thing Can’t be Ignored

India has not changed its position that the government should strictly regulate digital currencies to stop the industry-wide meltdowns in 2022 from happening again. The disclosure was made by Nirmala Sitharaman, the country’s Finance Minister, at a conference in Bengaluru. She said that investors will bear the brunt of the collapse if there is no government control. Sitharaman explained that in spite of the extreme position, the public authority would keep on support blockchain innovation for other use cases. Sitharaman stated, “Blockchain gives us so many options.” It tends to be utilized in such countless various ways. So we are

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