Cryptocurrency Is Risk, Can Be Used For Illegal Purposes: Nirmala Sitharaman

Union FM Nirmala Sitharaman pointed out the biggest risk of cryptocurrency and said, "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." Addressing the Spring Meeting of the World Bank, Sitharaman shared her views on digital money and regulation for the same. She also held bilateral meetings with international leaders.