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India’s own cryptocurrency wallet linked to DigiLocker can address multiple Govt concerns, says Policy 4.0
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The Government of India is concerned about the impact of cryptocurrencies and is planning to introduce certain regulations. Global experience till now suggests that attempts at banning cryptocurrencies have failed to curb their rising popularity. In such a situation, the best possible way for the government to keep an eye on crypto activities could be to introduce the country’s own crypto wallet linked to DigiLocker, according to a report published by emerging technology thinktank Policy 4.0.
The report suggests that an ‘India Wallet’ linked to DigiLocker will help the government in tackling KYC, the inflow and outflow of cryptocurrency and monetary concerns. The report said that DigiLocker can provide a consolidated “Crypto Wallet
Read more on financialexpress.comAbout this in other media
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