Security Considerations To Dictate Cryptocurrency Policy: BJP MP
NDTV
BJP MP Jayant Sinha ruled out replicating advanced economies on virtual currencies as the nation still doesn't have a full capital account convertibility.
India's federal ministerial panel will consider a proposed legislation on cryptocurrencies with national security in mind, a Bharatiya Janata Party MP said. "We have to be very watchful about what happens to these crypto assets and cryptocurrencies," Jayant Sinha, chairman of the Parliamentary Standing Committee on Finance, said Wednesday. "Use of these kind of crypto instruments in terror financing and for domestic security threats is something we have to be mindful of." He ruled out replicating advanced economies on virtual currencies as the nation still doesn't have a full capital account convertibility.More Related News