- May 8, 2022
- Posted by: Bastion team
- Category: World News
The minister’s remarks come ahead of the launch of the budgetary announcement of central bank digital currency (CBDC) which is based on the blockchain technology itself and is billed as being similar to the paper currency carried in our wallets.
“…the anonymity is what … one unknown element in this whole thing. The anonymity of the person or whoever or the robot is the one which we have to be absolutely readying ourselves as … a future challenge,” Sitharaman said, addressing an NSDL event here.
Sitharaman said the DLT is a beautiful technology which will help in democratisation but flagged anonymity as an “inherent risk” which we need to guard ourselves from.
Terming anonymity as a “powerful imponderable” in the whole equation, Sitharaman said, “unless we are able to guard ourselves against that anonymous element which can itself pose an inherent risk, we probably will be exposing ourselves much more than ever we would have imagined.”
Sitharaman commended capital markets regulator Sebi chief Madhabi Puri Buch, who spoke before her at the same event, for…