Signing concerns probably concern misuse of the crypto, the Minister of Finance Nirmala Sitharaman on April 27, said that India would make a consideration of regulations around virtual currency.

During an interaction at the University of Stanford, she said: “The decision on the crypto will not be precipitated”.

“It will have to take his time … We all to be sure that at least with information available, we make the decision to award. This cannot be precipitated,” she said.

The Minister said that the government was open to promoting innovation and well -put in place in distributed big book technologies, which arrive in blockchain.

“So, our intention is in no way to harm that (innovation around the crypto) … But (we must) define by ourselves …”, she said.

So, these are some of the concerns, not only India, but many countries of the world have and are also discussed on global and multilateral platforms, she added.

Earlier on April 19, the Minister of Finance said that the greatest risk of cryptocurrency could be money laundering and its use to finance terrorism.

“I think that regulating technology is the only answer. Technology regulation should be so skilful that it should not be behind the curve, but make sure it is above. And it is not possible if only one country thinks that it can manage it. It must be at all levels, “she said.

India plans to introduce the digital currency supported by the central bank or the digital currency of the central bank (CBDC).

Sitharaman, in his budgetary discourse on February 1, announced that the digital Roupie or the CBDC would be published by the RBI during the coming financial year.

She also announced that the government will take a 30% tax on the gains made from any other private digital active ingredient from April 1.

Speaking on the CBDC, the vice-government of the reserve bank of India T Rabi Sankar earlier this month said that a nuanced and calibrated approach was essential for the launch of India’s digital currency because it would have various implications for the economy and monetary policy.

Essential learning does not come from global experience but mainly comes from your own experience, he said.

When merging HDFC and the HDFC bank, Sitharaman said that it is a good step because India needs many more large banks to meet the growing needs of Infra funding.

Earlier this month, the largest private lender in India HDFC Bank has agreed to resume the largest national mortgage lender in an agreement worth around 40 billion dollars, creating a Titan of financial services in The greatest agreement in the history of companies in the country.

The proposed entity will have a combined asset base of approximately RS 18 Lakh crores.

The merger should be completed by the second or third quarter of financial year, subject to regulatory approvals.

The transaction implies the merger of HDFC and its two subsidiaries in exclusive HDFC Holdings and HDFC Investments with HDFC Bank.

HDFC, as a promoter of HDFC Bank, holds 21% in the lender with the two subsidiaries, which, on the merger, will be more than double the peer size of the private sector Icici Bank.

Regarding the digital divide, Sitharaman said that certain measures had been taken to fill it.

Asked about the under-declaration of the cocvid death figures, she declared that the data that the central government declared was compiled with the states.

The revision was due to the changes made by the governments of the States, she said, adding some death that took place at home was later updated by the States.