New Delhi. Finance Minister Nirmala Sitharaman, who has been in the headlines for her outspoken opinion on some issue or the other, has once again come into the limelight due to her statement. This time he has given a statement regarding cryptocurrency. In which he has described cryptocurrencies as very dangerous. He said that it is being used in terrorist activities as well as money laundering. Hence there is a need to curb this. He further said that before the use of technology, the system of its regulation has to be strengthened. If a country thinks that it can handle things, that is fine, but before that we need to strengthen its system. Keep in mind that the above statement of the Finance Minister in the context of cryptocurrency has come at a time when the use of this virtual currency is increasing continuously. Its popularity is increasing continuously from the international market to the national markets as well.
Let us tell you that he made this statement during the program of the International Monetary Fund. The Finance Minister has just arrived in America to attend the IMF program, where she has given the above statement. He further said that now we have entered such a situation, where the situation is changing a lot, people’s lifestyles are getting vast changes. In such a situation, there is no doubt in saying that the use of digital currency is going to increase rapidly in the coming days.
The Finance Minister further said that the digital currency is going to be introduced by the Reserve Bank of India very soon. Its full outline has been prepared. Very soon it needs to be revived now. But looking at the current financial scenario, it doesn’t seem that the government is comfortable with cryptocurrency and the more serious issue is that it has now started being used extensively in illegal activities, keeping this in mind. But discussions are going on in the direction of global curbs.