Regulating crypto needs global template, says FM Nirmala Sitharaman

A “global understanding and template” is required to regulate cryptocurrency, Union Finance Minister Nirmala Sitharaman said Sunday.

She was speaking at an interaction programme organised by Thinkers Forum, Karnataka.

“No one country individually in a matter of technology-driven crypto asset can effectively control it because technology doesn’t have any borders,” Sitharaman said. “So, the very character of it being technology-driven requires all countries to be on board. If you were to regulate here and not elsewhere, it won’t be effective,” she said.