In a recent television interview, India’s Finance Minister, Nirmala Sitharaman, suggested that regulation “cannot be done” by a single country; it requires an international effort.
Speaking to Rahul Joshi on CNBC-TV18 in India on Feb. 3, Sitharaman noted that while the central bank is the “authority for issuing cryptocurrency,” the rest of the digital assets created outside are “using very useful financial technologies.”