Nirmala Sitharaman

Biggest risk of cryptocurrency could be money laundering, its use for financing terror: Nirmala Sitharaman

Biggest risk of cryptocurrency could be money laundering, its use for financing terror: Nirmala Sitharaman

Amidst the pioneering fintech revolution, the biggest risk of cryptocurrency could be money laundering and its use for financing terror, said Union Minister of Finance Nirmala Sitharaman. In her address at a seminar during the ongoing spring meet of the International Monetary Fund, Sitharaman said: “I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror.” Regulation using technology will have to be so adept, that it has to be not behind the curve, but be sure that it is on the top…
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