Sitharaman said, “The responsibility of deciding the design of digital currency has been given to RBI. We see the benefit in digital currency issued by RBI because in the current era bulk payments and large transactions are happening between countries and big companies.” And it can be done better through digital currency.
When asked about regulating the crypto segment, she said that she does not want to get into the debate whether the government should regulate or ban it. This will be done after discussion. “It is being discussed. Those interested in the subject are welcome to participate. The ministry will go ahead with it once the deliberation process is over,” Sitharaman said. On the possibility of crypto in the country, Sitharaman said that many people are seeing a lot of potential in it and due to this, it can also get revenue.
Sitharaman said, “It will be a challenge to use technology everywhere in business because we have more labor. We have a large number of skilled, semi-skilled and high technology skilled youth.” Regarding the announcement of 75 Digital Banking Units (DBUs) in this year’s budget, he said that the country needs them. The government is looking for people who want to open it and the government will help them in this. Sitharaman said that the citizens of the country have adopted the digital way of doing business and there is a need to provide facilities for this. He said that along with removing the supply-related bottlenecks in the economy, there is also a need to look at the lower section of the population who face many difficulties. It has to be ensured that the basic needs of this section are met.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)<!–
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