The founder of AIRTEL and the Chairman of the Board of Directors of Sunil Mittal expressed his support for the regulation of encryption and artificial intelligence (AI) in India. Speaking at an event on Thursday, Metal urged the government to put clear regulations to oversee the sector. The issue of organizing the digital assets sector was raised by the Supreme Court earlier this month. The court noted that there was a shortage of regulating the encryption sector in the country.
Metal He was speaking at The summit of annual enforcement in the Indian industry (CII) for the year 2025, where it dealt with the last growth of the digital asset sector. He held the position of President of the Indian Industry Federation (CII) from 2007 to 2008.
Industrial said that India needs an organizational framework for encryption and AI, especially now after the industry moves “an unprecedented pace.” He also stressed that India is no longer able to see the growth of the encryption sector from side lines.
A video on MITTAL appeared talking about Crypto with the media on the scene on social media.
“Things have started to move very quickly on encryption. This is the field in which the government will have to start applying its minds on how to make sure that the correct organizational framework is available to India to take full advantage of artificial intelligence and encryption whenever the time comes,” said Aartel president.
Delhi: Sonll Bahariti Mittal, Indian and improved industrial, says, “… all I say is that things are moving very quickly on encryption, and of course, artificial intelligence – which we have already discussed – is moving very quickly. This is a field that the government must have to do with the government … pic.twitter.com/KMDMMDFK75
– ians (@anians_india) May 29, 2025
Despite the cautious approach to the government towards WEB3, Aartel has taken a few steps to explore the sector. In February 2022, it is acquired A strategic share in Blockchain in Singapore Aqilliz, Blockchain as a service company (BAAS) within the framework of Aartel Startup Accessor.
At that time, Telco planned to use the Blockchain platform with a patented AQilliz, ATOM, to improve its digital ecosystem. In the same year, Kavin Mittal also It is said Discuss his plans to explore the metal sector.
Earlier this month, SURYA KANT and NK Singh Advanced Aishwarya Bhati called for an update from the government regarding encryption employees.
The profits on the encrypted currencies in India have undergone a 30 percent tax since 2022, with one percent of TDS imposed on all transactions. In addition, all encryption companies must comply with anti -money laundering rules and KYC, which must register in the Financial Intelligence Unit (FIU) to give legitimacy to operations.
While Finance Minister Nermalla Setharmanman said last year that Crypto cannot be considered a currency, it is expected that a discussion paper coming from the Ministry of Finance is expected to show the position of India on virtual assets.
(This story has not been edited by NDTV and is automatically created from a common summary.)
