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No plans to establish common blockchain platform for banks: FM

Shortpedia

Content Team
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In a written reply submitted before the Rajya Sabha on December 13, Finance Minister Nirmala Sitharaman mentioned that the union government has no plans to frame guidelines or establish a common blockchain technology platform for Indian banks. Citing data sourced from the Indian Banks Association, Sitharaman said that only a few banks were currently using the blockchain technology and that too at a small scale.