Govt alive, aware about various issues around cryptocurrenci

Govt alive, aware about various issues around cryptocurrencies: DFS Secy


The government is alive and aware about various issues around the cryptocurrencies and will take a considered view on the issues, Financial Services Secretary Debasish Panda said on Wednesday.
Currently, regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate cryptocurrencies as they are not currencies, assets, securities or commodities issued by identifiable users.
"The cryptocurrency, which has been debated day-in and day-out, has an underlying technology. In an interconnected economy, interconnected world, we cannot isolate ourselves.
"We have to bear that in mind that some way or the other is going to get us," he said at a virtual conference organised by Institute of Directors.

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