Active Stocks
Thu Feb 29 2024 15:49:54
  1. Kotak Mahindra Bank share price
  2. 1,690.80 0.43%
  1. Axis Bank share price
  2. 1,075.70 0.10%
  1. Tata Steel share price
  2. 140.90 0.11%
  1. Power Grid Corporation Of India share price
  2. 282.55 1.07%
  1. ITC share price
  2. 406.50 -0.51%
Business News/ News / Cryptocurrency could be used for financing terror: FM Sitharaman raises alarm
BackBack

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

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

Union finance minister Nirmala Sitharaman. (PTI)Premium
Union finance minister Nirmala Sitharaman. (PTI)

Union Finance Minister Nirmala Sitharaman has said that the biggest risk of cryptocurrency could be money 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 said in her address at a seminar during the ongoing spring meet of the International Monetary Fund (IMF).

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

During the first day of the visit, Finance Minister participated in a high-level panel discussion 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 also attended an event at the Atlantic Council, a think tank based in Washington DC.

The visit will also include several bilateral interactions, including with Indonesia, South Korea, Sri Lanka, and South Africa as well as a high-level meeting with World Bank President David Malpass, a Ministry of Finance statement said.

Sitharaman will also attend an event at the Atlantic Council, a prominent think tank based in Washington DC, and will also interact with the faculty and students at Stanford University.

-With agency inputs

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 19 Apr 2022, 10:06 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App