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Modi's cryptocurrency meet: Caution over terror financing; 'progressive' steps promised

Shortpedia

Content Team
Image Credit: shortpedia

Prime Minister Narendra Modi on Saturday chaired a key meeting on the cryptocurrency sector. The meeting arrived at a consensus that the government needs to take "progressive and forward-looking" steps while ensuring that an unregulated market does not open avenues for "money laundering and terror financing." Officials from the Reserve Bank of India, the Finance Ministry, the market regulator SEBI attended the meeting.