MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Block cryptocurrencies if being used for illegal purposes: Meenakshi Lekhi

December 16, 2021
in Regulations
Reading Time: 2 mins read
A A
Block cryptocurrencies if being used for illegal purposes: Meenakshi Lekhi
ShareShareShareShareShare

As the government prepares the much-awaited Cryptocurrency Bill 2021, Minister of State for External Affairs Meenakshi Lekhi has stressed that cryptocurrencies need to be blocked if used for illegal purposes to harm the sovereignty and integrity of the country.

Speaking at the sixth iteration of the ‘Global Technology Summit’ organised by Carnegie India on Wednesday, Lekhi said: “If cryptocurrency is going to be used to launch cyberattacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking, I need to stop all that.”

“I am sure the Finance Ministry and IT Ministry would have looked deeply into these aspects. The cryptocurrency platforms and exchanges are owned by a set of people who are trying to avoid tax, taking the money out of the country without giving benefit to the country where they produce this wealth,” she emphasised during the discussion, titled ‘The Future of Technology: Resilience and Partnerships’.

According to media reports, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 may not be tabled in the Winter Session of Parliament as the government doesn’t want to rush on the law.

The Centre reportedly wants India’s crypto regulations to be in line with the global framework.

Finance Minister Nirmala Sitharaman said earlier this month that a collective “global action” is the only way to regulate evolving technologies, including cryptocurrencies.

Speaking at the ‘InFinity Forum’ organised by Bloomberg and IFSCA, Sitharaman noted that no country has found a one-point formula to regulate technology such as cryptocurrency.

“Even as we are thinking about at a national level, there should simultaneously be a global mechanism through which we are constantly monitoring the movement of technology, so that whether it is your cryptocurrency, whether it is tech-driven payment system, data privacy…” she had said.

Watch latest videos by DH here:

Credit: Source link

ShareSendTweetPinShare
Previous Post

Bitcoin Climbs Higher Even Though Fed Speeds Taper; IMF’s Gita Gopinath Says Emerging Economies Should Regulate Cryptos

Next Post

NBA Superstar’s Thirty Five Ventures Signs Deal With Coinbase

Next Post
NBA Superstar’s Thirty Five Ventures Signs Deal With Coinbase

NBA Superstar's Thirty Five Ventures Signs Deal With Coinbase

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Pig-butchering scam apps sneak into Apple’s App Store and Google Play

Pig-butchering scam apps sneak into Apple’s App Store and Google Play

February 1, 2023
Has the missing fugitive reappeared?

Has the missing fugitive reappeared?

January 27, 2023
Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender

Arizona State Senator Wendy Rogers Proposes Bills to Make Bitcoin Legal Tender

January 28, 2023
Top 10 Most Expensive NFTs Sold This Year By CoinEdition

Aptos (APT) Drops 5.9% as NFT Controversy Escalates By DailyCoin

January 27, 2023
CFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger ‘Healthy Pullback’ in Bitcoin | First Mover Video

CFTC Commissioner on Crypto Regulation; Analysts Expect Fed Decision to Trigger ‘Healthy Pullback’ in Bitcoin | First Mover Video

January 31, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • The January figures are 92.7% lower than the $121.4 million
  • Beware cryptocurrency scams: Attorney general
  • Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,090.00 4.15%
  • ethereumEthereum (ETH) $ 1,683.12 6.06%
  • tetherTether (USDT) $ 1.00 0.33%
  • bnbBNB (BNB) $ 321.45 2.82%
  • usd-coinUSD Coin (USDC) $ 1.00 0.32%
  • xrpXRP (XRP) $ 0.414941 2.75%
  • binance-usdBinance USD (BUSD) $ 0.999608 0.24%
  • cardanoCardano (ADA) $ 0.405212 4.48%
  • dogecoinDogecoin (DOGE) $ 0.095252 0.37%
  • matic-networkPolygon (MATIC) $ 1.23 11.41%
  • okbOKB (OKB) $ 39.91 6.03%
  • solanaSolana (SOL) $ 25.47 6.73%
  • staked-etherLido Staked Ether (STETH) $ 1,678.51 6.2%
  • polkadotPolkadot (DOT) $ 6.56 4.86%
  • litecoinLitecoin (LTC) $ 101.63 4.9%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 2.61%
  • avalanche-2Avalanche (AVAX) $ 21.55 9.58%
  • tronTRON (TRX) $ 0.063780 2.08%
  • uniswapUniswap (UNI) $ 6.96 5.59%
  • daiDai (DAI) $ 1.00 0.11%
  • cosmosCosmos Hub (ATOM) $ 14.91 11.72%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,096.00 4.32%
  • chainlinkChainlink (LINK) $ 7.30 4.97%
  • the-open-networkToncoin (TON) $ 2.42 4.88%
  • moneroMonero (XMR) $ 179.48 1%
  • ethereum-classicEthereum Classic (ETC) $ 22.65 4.67%
  • leo-tokenLEO Token (LEO) $ 3.36 5.67%
  • aptosAptos (APT) $ 18.29 10.24%
  • bitcoin-cashBitcoin Cash (BCH) $ 137.79 2.56%
  • stellarStellar (XLM) $ 0.093000 2.94%
  • apecoinApeCoin (APE) $ 6.12 3.64%
  • quant-networkQuant (QNT) $ 150.13 4.94%
  • filecoinFilecoin (FIL) $ 5.74 9.7%
  • nearNEAR Protocol (NEAR) $ 2.47 6.95%
  • crypto-com-chainCronos (CRO) $ 0.082016 3.56%
  • lido-daoLido DAO (LDO) $ 2.36 9.02%
  • algorandAlgorand (ALGO) $ 0.257217 6.76%
  • hedera-hashgraphHedera (HBAR) $ 0.069677 7.64%
  • vechainVeChain (VET) $ 0.025007 8.02%
  • internet-computerInternet Computer (ICP) $ 6.03 0.59%
  • fantomFantom (FTM) $ 0.582832 9.46%
  • decentralandDecentraland (MANA) $ 0.806684 6.29%
  • axie-infinityAxie Infinity (AXS) $ 11.43 4.77%
  • aaveAave (AAVE) $ 91.45 10.12%
  • the-sandboxThe Sandbox (SAND) $ 0.771556 5.11%
  • eosEOS (EOS) $ 1.10 3%
  • flowFlow (FLOW) $ 1.14 6.56%
  • elrond-erd-2MultiversX (EGLD) $ 44.69 5.03%
  • theta-tokenTheta Network (THETA) $ 1.10 6.99%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000173 0.9%