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Money laundering and terrorist financing are major concerns about cryptocurrencies, says FM Nirmala Sitharaman – IMF Meeting

Amid the future of cryptocurrencies in India, Indian Finance Minister Nirmala Sitharaman highlighted concerns about cryptocurrencies yesterday.

Speaking at a seminar at the IMF spring meeting in yesterday, Sitharaman said: “I think the biggest risk for all countries in general is money laundering and also the monetary aspect used to finance terrorism.”

She said the only answer was regulation. “Technology regulation needs to be smarter so that it doesn’t exaggerate the curve, but keeps it up to date.”

According to the ANI report, he reached an official visit to Washington this morning to attend the World Bank’s spring meetings, the G20 finance ministers ‘meetings and the central bank governors’ meeting (FMCBG).

Sitharaman also met with Indonesian Finance Minister H.E. Sri Mulyani Indrawati. The Sitharaman will establish bilateral cooperation with South Korea and South Africa.

In addition to holding individual meetings with the CEOs of the semiconductors, energy and other priority sectors for the Indian government, he will also speak with World Bank President David Malpass.

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