New Delhi: Union Finance Minister Nirmala Sitharaman has made a big statement about cryptocurrency. The Finance Minister said that many countries are reluctant to adopt it. Sitanaman made this statement after the annual meeting of the International Monetary Fund and the World Bank. Facebook's libra was being discussed in the meeting. Earlier, RBI Governor Shaktikanta Das also made a statement on cryptocurrency. The finance minister said that the RBI governor has already spoken about it. Many countries have also refused to call cryptocurrency a stable currency.
In this case, IMF Managing Director Kristalina Georgieva says that the benefits and risks of digital currency are being discussed. Cryptocurrency is a digital currency based on computer algorithms. It can be used for shopping or buying a service. It is an independent currency that has no owner. The first cryptocurrency was started in 2009 and bitcoin was the first cryptocurrency. Facebook introduced its digital currency libra a few months ago. There was a lot of uproars even during the announcement of Libra, as a digital currency is banned in countries like India.
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