Finance Minister Nirmala Sitharaman on Friday said there should be a global mechanism to monitor technology, whether it is a cryptocurrency, payment systems, or data privacy. Global action is the only way to regulate technology effectively, she said."I am not sure if any one country has found a formula to regulate technology," she said speaking at an InFinity Forum, a leadership forum on financial technology.
This is the first edition of this summit and was inaugurated by Prime Minister Narendra Modi.Also Read | Previous bill on cryptocurrencies has been reworked, the bill coming is a 'new one': Nirmala SitharamanSitharaman said technology doesn't respect borders and global action is the only way to regulate it effectively. Plus, to
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