Nirmala Sitharaman said that regulating cryptocurrency requires collective effort as the technology is constantly evolving and changing. “The regulation both executive and legislative only doing catching up with technology. They can never be on top of it because the technology is constantly evolving and changing," the FM said in a panel discussion on 'FinTech for an inclusive growth across the globe' during the Infinity event. «To regulate it, will have to be a collective effort.» Mulyani Indrawati, Finance Minister of Indonesia and Tengku Zafrul Aziz, Finance Minister of Malaysia were also part of the panel moderated by Bibek Debroy, Chairman, Prime Minister’s Economic Advisory Council.
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