Finance Minister Nirmala Sitharaman’s Word Of Caution On Crypto Subscription | WazirX | English News

    #Breaking | Sources Finance Minister of India is Nirmala Sitharaman ask people to exercise caution on #crypto subscription. She says new law soon on #Cryptolaw soon.

    The ED probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the ‘darker side’ of cryptocurrencies, a top government source said on Thursday.
    The source added that people should exercise caution in absence of a regulation to govern cryptocurrencies and so-called exchanges trading in them.

    “Caution is the word that should be in the minds of the people dealing with crypto. In the episode of WazirX, people got to know many darker sides, caution is necessary in crypto transaction,” the source said.
    The Enforcement Directorate (ED) has been investigating allegations of money laundering against WazirX.
    Finance Minister Nirmala Sitharaman has been making a strong case for global regulation of cryptocurrencies to tackle the risks of money laundering and terror funding.
    Listen in.

    #cryptocurency #nirmalasitharaman #ed #enforcementdirectorate #wazirx #englishnews

    9 Comments

    1. Bharat cannot have cripto linked to international market .. Rupee will loose its value in west.
      Bharat can have gold coin currency between two to 10 countries where cold coin shall be new international common currency . Sanction of one country shall not effect this gold coin currency and be Aatmanirbhar from western intrest ..

    2. Asian country shall have common gold coin currency operating across banks of countries without exchange rate paied to western countries ..
      Why shall Asia pay for currency even after having own curriences.
      Gold coin currency shall not have exchange cost . Only will exchange as per international gold value and countries currency value for that gold value …

    3. Ban no use… it is all politicians have looted our treasury and converted to crypto … it is huge and no one gov can do anything … only taxing in the same crypto account .. which is product side not buy side.. taxing the money deposit and limiting it and taxing it’s interest are all gone c .. that concept gone now ..

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