Cryptocurrency, Web3 sectors need significant international collaboration for effective regulation: FM Nirmala Sitharaman
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FM Nirmala Sitharaman said crypto assets and web3 sectors require significant international collaboration for effective implementation of domestic legislations. She said these are relatively new and still evolving sectors, with no specific regulations. "By definition, these sectors are borderless and require significant international collaboration for any specific legislation on these sectors to be fully effective," Sitharaman said.