{"id":14370,"date":"2021-11-16T12:54:02","date_gmt":"2021-11-16T12:54:02","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/indian-prime-minister-modi-chairs-crypto-meeting-after-consulting-with-rbi-finance-ministry\/"},"modified":"2021-11-16T12:54:02","modified_gmt":"2021-11-16T12:54:02","slug":"indian-prime-minister-modi-chairs-crypto-meeting-after-consulting-with-rbi-finance-ministry","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/indian-prime-minister-modi-chairs-crypto-meeting-after-consulting-with-rbi-finance-ministry\/","title":{"rendered":"Indian Prime Minister Modi Chairs Crypto Meeting After Consulting With RBI, Finance Ministry"},"content":{"rendered":"

Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry.<\/strong><\/p>\n

PM Modi Chairs Crypto Meeting<\/h2>\n

India\u2019s Prime Minister Narendra Modi reportedly chaired a very comprehensive meeting on cryptocurrency and related matters Saturday. ANI News reported, citing government sources:<\/p>\n

Today\u2019s meeting chaired by PM Narendra Modi on the way forward for cryptocurrency and related issues was a very comprehensive one.<\/p>\n

\u201dIt was strongly felt that attempts to mislead the youth through over-promising and non-transparent advertising be stopped,\u201d the publication added.<\/p>\n

The meeting \u201cwas also an outcome of a consultative process as RBI [the Reserve Bank of India], Finance Ministry, and Home Ministry had done an elaborate exercise on it as well as consulted experts from across the country & world.\u201d<\/p>\n

In addition, the meeting discussed that unregulated crypto markets cannot be allowed to \u201cbecome avenues for money laundering and terror financing,\u201d the news outlet conveyed, adding that the government \u201cis cognizant of the fact that this is an evolving technology hence the government will keep a close watch and take proactive steps.\u201d<\/p>\n

The publication further detailed:<\/p>\n

There was consensus also that the steps taken in the field of cryptocurrency and related issues by the government will be progressive and forward-looking. Government will continue to pro-actively engage with the experts and other stakeholders.<\/p>\n

On Monday, India\u2019s Parliamentary Standing Committee on Finance held a meeting<\/a> with representatives from the crypto industry. This was India\u2019s first-ever parliamentary discussion of the broad subject of crypto finance involving the industry.<\/p>\n

\u201cThere was an understanding that cryptocurrency can\u2019t be stopped but it must be regulated \u2026 There was a consensus that a regulatory mechanism should be put in place to regulate cryptocurrency,\u201d ANI publication detailed. \u201cMembers of Parliamentary Standing Committee on Finance now want government officials to appear before them and address their concerns.\u201d<\/p>\n

What do you think about Prime Minister Narendra Modi chairing a comprehensive crypto meeting? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nRegulation, Narendra Modi, Narendra Modi bitcoin, Narendra Modi bitcoin scam, Narendra Modi crypto, Narendra Modi crypto regulation, Narendra Modi cryptocurrency, Narendra Modi finance ministry, Narendra Modi rbi<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India\u2019s Prime Minister Narendra Modi…<\/p>\n","protected":false},"author":0,"featured_media":14371,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14370"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14370"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14371"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}