Cryptocurrency could possibly be used for financing terror: FM Sitharaman raises alarm

Union Finance Minister Nirmala Sitharaman has mentioned that the most important danger of cryptocurrency could possibly be cash laundering and its use for financing terror. “I think the biggest risk for all countries across the board will be the money laundering aspect and also the aspect of currency being used for financing terror,”Sitharaman mentioned in her deal with at a seminar in the course of the ongoing spring meet of the International Monetary Fund (IMF).

Finance Minister Nirmala Sitharaman is on an official go to to the United States (US)

During the primary day of the go to, Finance Minister participated in a high-level panel dialogue on “Money at a Crossroad” hosted by Kristalina Georgieva, Managing Director, IMF.

Apart from her official engagements with the World Bank, IMF, G20, and Financial Action Task Force (FATF), Sitharaman on Monday additionally attended an occasion on the Atlantic Council, a assume tank primarily based in Washington DC.


The go to can even embody a number of bilateral interactions, together with with Indonesia, South Korea, Sri Lanka, and South Africa in addition to a high-level assembly with World Bank President David Malpass, a Ministry of Finance assertion mentioned.

Sitharaman can even attend an occasion on the Atlantic Council, a distinguished assume tank primarily based in Washington DC, and also will work together with the school and college students at Stanford University.

-With company inputs

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