Info sharing on cryptos

18 JUL,2022 | MEDC


Participating in the G20 Ministerial Symposium, the Finance Minister rightly said that major economies should consider bringing in non-financial assets like cryptocurrencies under the ambit of the automatic exchange of information mechanism among countries to curb tax evasion. This is part of India's official desire to mould a global strategy around cryptos for their effective regulation. It is not uncommon for unscrupulous elements to resort to numerous and nebulous layers of entities to mask their financial dealings. Like any technology removing friction, the ease with which new crypto projects can be launched has come as a boon to con-artists and fly-by-night operators. The stability of a nation's financial architecture cannot be at the mercy of such stakeholders. Info sharing on cryptosis now a global necessity.

 

*Picture Credit: Google

Comments



Featured Posts



Recent Posts


EMERGING ISSUES IN AEROSPACE INDUSTRY: AN INDIAN PERSPECTIVE


Tourism and its contribution to the Economy


Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra


De-coding skills-based pro-bono


FOOD PRICE VOLATILITY


Food Inflation in India: An Assessment




Archive


© Copyright 2019 MEDC, All rights reserved
Website Design and Develop By: SCI Knowledge Interlinks