Parliamentary Standing Committee will hold meeting with stakeholders today regarding cryptocurrency, these issues will be
Cryptocurrency News: A big meeting was held on Saturday under the chairmanship of Prime Minister Narendra Modi regarding cryptocurrency. Today the Parliamentary Standing Committee on Finance attached to the Ministry of Finance is going to hold a meeting regarding cryptocurrency. This meeting will be held from 3 pm on the Parliament Annexe under the chairmanship of Chairman of Standing Committee Jayant Sinha. The possibilities and challenges in cryptofinance (CryptoFinance: Opportunities and Challenges) will be discussed in this meeting. Stakeholders of crypto exchanges, members of the Blockchain and Crypto Assets Council (BACC) will also attend the meeting and present their views before the Standing Committee.
First meeting of the Standing Committee on Cryptofinance
This is the first time that the Standing Committee attached to the Ministry of Finance has formally invited the stakeholders of the cryptocurrency industry for a formal discussion. The agenda of the meeting is sent to all the people participating in the meeting.
PM Modi held a big meeting on Saturday
Earlier on Saturday, November 13, Prime Minister Narendra Modi chaired a major meeting to decide the future stand of the government on the issue amid concerns over misleading claims of huge returns on investment in cryptocurrencies. The meeting raised concerns over over-promising & non-transparent advertising misleading the youth and decided to crack down on these advertisements.
Will not be allowed to become a means of money laundering and terror financing
According to government sources, it was also decided in the meeting convened by PM Modi that unregulated crypto markets should not become avenues for money laundering and terror financing. will be given. This meeting regarding cryptocurrencies was very comprehensive, in which every aspect was discussed. RBI, Ministry of Finance, Ministry of Home Affairs have discussed this in the past with experts from across the country and the world regarding cryptocurrencies. Cryptocurrency examples and best practices around the world are also updated. After which the Prime Minister himself had called this meeting.
Discussion with experts stakeholders will continue
The government is aware of the fact that cryptocurrency is an evolving technology so the government will keep a close watch on it and take proactive steps. It was also agreed in the meeting that the steps taken by the government in this area would be progressive and visionary. The government will continue to actively engage with experts and other stakeholders. Since this issue is related to individual countries’ borders (cuts across individual countries’ borders), it was felt that global partnerships and collective strategies would also be discussed for this.
RBI Governor has also expressed concern
Earlier, the Reserve Bank of India has also repeatedly reiterated its firm opinion against cryptocurrencies. RBI Governor Shaktikanta Das had said only last week that this could pose a serious threat to the country’s macroeconomic and financial stability.
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