NEW DELHI: Billionaire Mukesh Ambani<\/a> on Friday backed the proposed data privacy and cryptocurrency<\/a> bills, saying India is putting in place the most forward-looking policies and regulations.

Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is stored and shared, said nations have the right to build and protect strategic digital infrastructure.

Stating that data is the 'new oil', he said every citizen's right to privacy has to be safeguarded.

\"India is putting in place the most forward-looking policies and regulations,\" he said at the Infinity Forum, hosted by International Financial Services Centres Authority (IFSCA).

The country, he said, already has a great framework of digital identity – through Aadhaar, digital bank accounts and digital payments.

\"We are on the verge of introducing
data privacy bill<\/a>, and the cryptocurrency bill. I think we are on the right track,\" he said.

The comments came as the government looks to bring a new bill in Parliament to treat cryptocurrencies as a financial asset while safeguarding small investors. The legislation may stipulate a minimum amount for investments in digital currencies while banning their use as legal tender.

The legislative agenda for the current winter session of Parliament that started on November 29 lists bringing of a bill that seeks to prohibit all private cryptocurrencies except \"certain exceptions to promote the underlying technology of cryptocurrency and its uses.\"

While the government is considering taxing gains from cryptocurrency, the Reserve Bank of India wants a complete ban on digital currencies as it feels this could affect the nation's macroeconomic and financial stability.

\"Data and digital infrastructure is strategically important for India and every other nation in the world. Every country has the right to build and protect this strategic digital infrastructure,\" he said adding a uniform global standard was needed so that cross-border transactions, collaborations and partnerships are not hampered.

Stating that every citizen's right to privacy has to be safeguarded, he said the right policies and the right regulatory framework have to balance this with the nation's need to guard data and digital infrastructure.

Ambani, chairman and managing director of
Reliance Industries Ltd<\/a>, said that he was a big believer in blockchain technology.

\"I believe in blockchain technology and this is different from cryptocurrency,\" he said, adding, \"Blockchain is very important for a trust-based, equitable society.\"

While the bill for regulating cryptocurrency is in the works, RBI Governor Shaktikanta Das is among those who feel that the blockchain technology underpinning cryptocurrencies could exist on its own, even without the currency.

\"Using blockchain, we can deliver unprecedented security, trust, automation and efficiency to almost any type of transaction,\" Ambani said. \"It can be used to modernize our supply chains that form the lifeblood of our economies.\"

India is now well on its way to transforming itself into a leading Digital Society, having put the digital infrastructure, and the regulatory framework in place.

\"Data is indeed the 'new oil'. But the new oil is fundamentally different from the traditional oil. Traditional oil was extracted only at select places – thus, it created wealth only for some countries. In contrast, the new oil -- that is data -- can be generated and consumed everywhere and by everybody. It has the potential to create value equitably, across sectors, across geographies, across economic classes,\" he said.

His comments come against the backdrop of a debate on how India should balance user protections with support for its digital economy in the world's fastest-growing major internet market. Foreign companies and hundreds of home-grown startups have flourished amid a dearth of regulation.

Ambani's Jio has supercharged internet adoption, helping crash data prices since launch in 2016, and his group has now created an online-to-offline retail platform take on the likes of Amazon and Walmart-backed Flipkart, which are both betting big on India's e-commerce market.

The country, he said, is transitioning fully from 2G to 4G. \"We are in the process of creating an equally affordable ecosystem of devices to enable greater adoption, supported by a faster rollout of optical fiber, cloud, and data center infrastructure.

\"The next step will be the connectivity of machines, devices and vehicles, which is the Internet of Things. With 5G rollout next year in India, we are on our way to having one of the most advanced digital infrastructures anywhere in the world.\"

Ambani said India is well on its way to transforming itself into a leading Digital Society, having put the digital infrastructure, and the regulatory framework in place.

\"Finance is at the heart of everything, and I believe we are in very early stages of sporadic digitization, and with various new-age technologies emerging, the opportunity is in adopting a decentralised model of finance,\" he said.

There will be centralised government and central bank policies, but there will be a path to decentralized technological solutions where finance will be enabled and available to everybody, Ambani said.

Real-time technologies will help settle trades, not in days or hours, but in real-time. Smart contracts will become a reality.

\"Convergence of real-time technologies, distributed ledger, blockchain, smart tokens etc with physical infrastructure using IoT will redefine the decentralized financing sector in a way that we have never imagined,\" he added.
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穆凯什•安巴尼支持数据隐私,cryptocurrency账单

亿万富翁Mukesh Ambani周五支持拟议的数据隐私和cryptocurrency账单,说印度已经将最具前瞻性的政策和法规。

  • 更新2021年12月4日07:43点坚持
阅读: 100年行业专业人士
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新德里消息:亿万富翁穆凯什•安巴尼周五提出的数据隐私和支持cryptocurrency账单,说印度已经将最具前瞻性的政策和法规。

安巴尼,他一直是一个出家人的印度人拥有和控制自己的数据和国家起草严格规定在数字信息存储和共享,如何说,国家有权建立和保护战略数字基础设施。

说明数据是“新的石油”,他说,每一个公民的隐私权的保障。

“印度已经将最具前瞻性的政策和法规,“他说在无穷论坛,国际金融服务中心主办的权威(IFSCA)。

广告
他说,这个国家已经有了一个伟大的数字身份——通过Aadhaar框架,电子银行账户和电子支付。

“我们即将推出数据隐私法案,cryptocurrency法案。我认为我们在正确的轨道上,”他说。

发表上述言论之际,政府似乎给治疗带来新的法案在议会cryptocurrencies作为金融资产,同时保护小投资者。投资的立法可以规定最少数字货币而禁止他们使用作为法定货币。

议会的立法议程当前冬季会议在11月29日列表将开始一项法案,该法案旨在禁止所有私人cryptocurrencies除了促进“某些例外的底层技术秘密货币”的方法及其用途。

尽管政府正在考虑从cryptocurrency收益征税,印度央行(Reserve Bank of India)要全面禁止电子货币作为感觉这可能影响到国家的宏观经济和金融稳定。

“数据和数字基础设施具有重要战略意义的对印度和世界上其他国家。每个国家都有权利这一战略数字基础设施建设和保护,”他补充说,需要一个统一的全球标准跨境交易,合作和伙伴关系不是阻碍。

说明每个公民的隐私权保护,他说正确的政策和监管框架必须平衡这国家的需要保护的数据和数字基础设施。

广告
安巴尼,董事长兼总经理信实工业有限公司说,他是一个大相信区块链技术。

“我相信从cryptocurrency区块链技术,这是不同的,”他说,补充道,“区块链互相信任是很重要的,公平的社会。”

调节cryptocurrency买单时,央行行长Shaktikanta Das是那些认为区块链技术支撑cryptocurrencies可能存在于自身的,即使没有货币。

“使用区块链,我们可以提供前所未有的安全、信任、自动化和效率几乎任何类型的交易,”巴尼说。“这可用于现代化我们的供应链,形成我们的经济的命脉。”

印度现在顺利转型为一家领先的数字社会,把数字基础设施,和监管框架。

“数据确实是“新的石油”。但是新的石油是完全不同的从传统的石油。传统石油提取只有在选择地方——因此,它只对一些国家创造财富。相比之下,新的石油——即数据——可以生成和消费无处不在,每一个人。它有可能创造价值公平,跨部门,跨地域,跨经济类,”他说。

他的评论的背景下讨论印度应该如何平衡用户的保护与支持其数字经济是世界上增长最快的主要互联网市场。外国公司和数以百计的本土创业蓬勃发展之际,缺乏监管。

安巴尼的Jio增压采用互联网,帮助事故数据价格自2016年推出以来,和他的团队已经创建了一个online-to-offline零售平台承担的亚马逊和Walmart-backed Flipkart公司都是很大的赌注在印度的电子商务市场。

他说,这个国家过渡完全从2 g到4 g。“我们正在建立一个同样负担得起的生态系统的设备来实现更大的采用,支持更快的推出光纤,云,和数据中心基础设施。

“下一步将连接的机器,设备和车辆,这是物联网。5 g推出明年在印度,我们的路上有一个最先进的数字基础设施在世界任何地方。”

巴尼说,印度是顺利转型为一家领先的数字社会,把数字基础设施,和监管框架。

“金融是一切的核心,我相信我们在零星的数字化的早期阶段,和各种新时代技术出现,金融的机会是采用分散模型中,”他说。

会有中央政府和央行政策,但会有一个分散的技术解决方案,财务将启用并提供给大家,安巴尼说。

实时技术将帮助解决交易,而不是几天或几小时,但在实时。智能合同将成为现实。

“实时融合技术、分布式分类帐区块链,智能标记等基础设施使用物联网将重新定义分散融资部门在一个我们从未想象的方式,”他补充道。

  • 发布于2021年12月4日07:42点坚持
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NEW DELHI: Billionaire Mukesh Ambani<\/a> on Friday backed the proposed data privacy and cryptocurrency<\/a> bills, saying India is putting in place the most forward-looking policies and regulations.

Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is stored and shared, said nations have the right to build and protect strategic digital infrastructure.

Stating that data is the 'new oil', he said every citizen's right to privacy has to be safeguarded.

\"India is putting in place the most forward-looking policies and regulations,\" he said at the Infinity Forum, hosted by International Financial Services Centres Authority (IFSCA).

The country, he said, already has a great framework of digital identity – through Aadhaar, digital bank accounts and digital payments.

\"We are on the verge of introducing
data privacy bill<\/a>, and the cryptocurrency bill. I think we are on the right track,\" he said.

The comments came as the government looks to bring a new bill in Parliament to treat cryptocurrencies as a financial asset while safeguarding small investors. The legislation may stipulate a minimum amount for investments in digital currencies while banning their use as legal tender.

The legislative agenda for the current winter session of Parliament that started on November 29 lists bringing of a bill that seeks to prohibit all private cryptocurrencies except \"certain exceptions to promote the underlying technology of cryptocurrency and its uses.\"

While the government is considering taxing gains from cryptocurrency, the Reserve Bank of India wants a complete ban on digital currencies as it feels this could affect the nation's macroeconomic and financial stability.

\"Data and digital infrastructure is strategically important for India and every other nation in the world. Every country has the right to build and protect this strategic digital infrastructure,\" he said adding a uniform global standard was needed so that cross-border transactions, collaborations and partnerships are not hampered.

Stating that every citizen's right to privacy has to be safeguarded, he said the right policies and the right regulatory framework have to balance this with the nation's need to guard data and digital infrastructure.

Ambani, chairman and managing director of
Reliance Industries Ltd<\/a>, said that he was a big believer in blockchain technology.

\"I believe in blockchain technology and this is different from cryptocurrency,\" he said, adding, \"Blockchain is very important for a trust-based, equitable society.\"

While the bill for regulating cryptocurrency is in the works, RBI Governor Shaktikanta Das is among those who feel that the blockchain technology underpinning cryptocurrencies could exist on its own, even without the currency.

\"Using blockchain, we can deliver unprecedented security, trust, automation and efficiency to almost any type of transaction,\" Ambani said. \"It can be used to modernize our supply chains that form the lifeblood of our economies.\"

India is now well on its way to transforming itself into a leading Digital Society, having put the digital infrastructure, and the regulatory framework in place.

\"Data is indeed the 'new oil'. But the new oil is fundamentally different from the traditional oil. Traditional oil was extracted only at select places – thus, it created wealth only for some countries. In contrast, the new oil -- that is data -- can be generated and consumed everywhere and by everybody. It has the potential to create value equitably, across sectors, across geographies, across economic classes,\" he said.

His comments come against the backdrop of a debate on how India should balance user protections with support for its digital economy in the world's fastest-growing major internet market. Foreign companies and hundreds of home-grown startups have flourished amid a dearth of regulation.

Ambani's Jio has supercharged internet adoption, helping crash data prices since launch in 2016, and his group has now created an online-to-offline retail platform take on the likes of Amazon and Walmart-backed Flipkart, which are both betting big on India's e-commerce market.

The country, he said, is transitioning fully from 2G to 4G. \"We are in the process of creating an equally affordable ecosystem of devices to enable greater adoption, supported by a faster rollout of optical fiber, cloud, and data center infrastructure.

\"The next step will be the connectivity of machines, devices and vehicles, which is the Internet of Things. With 5G rollout next year in India, we are on our way to having one of the most advanced digital infrastructures anywhere in the world.\"

Ambani said India is well on its way to transforming itself into a leading Digital Society, having put the digital infrastructure, and the regulatory framework in place.

\"Finance is at the heart of everything, and I believe we are in very early stages of sporadic digitization, and with various new-age technologies emerging, the opportunity is in adopting a decentralised model of finance,\" he said.

There will be centralised government and central bank policies, but there will be a path to decentralized technological solutions where finance will be enabled and available to everybody, Ambani said.

Real-time technologies will help settle trades, not in days or hours, but in real-time. Smart contracts will become a reality.

\"Convergence of real-time technologies, distributed ledger, blockchain, smart tokens etc with physical infrastructure using IoT will redefine the decentralized financing sector in a way that we have never imagined,\" he added.
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