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The Economic Survey released on January 31st, highlighted the need for a common approach for the regulation of cryptocurrency, adding the underlying risks and high volatility of the sector

Murmu reportedly highlighted that it's again crucial for SAIs to build the necessary skills to examine information system controls, given the shift to electronic processing and computerized systems in public sector entities

The panel will also examine the need for an ex-ante regulatory mechanism for digital markets through a separate legislation

The reports further stated that this Central government action is being taken by the ministry of electronics and information technology on the recommendation of the ministry of home affairs on emergency blocking of these apps