Mumbai:
Reliance Industries (RIL) chairman Mukesh Ambani has backed India’s proposed data privacy and cryptocurrency bills. “We are on the verge of introducing the data privacy bill, and the cryptocurrency bill. I think we are on the right track,” Ambani said in an interview at the Infinity Forum. Ambani’s comments come as the government plans to mandate a minimum investment in digital currencies while not allowing them as legal tender.
Ambani, who is also India’s wealthiest man, is a big believer in blockchain technology. “I believe in blockchain technology and this is different from cryptocurrency,” he said. “Blockchain is very important for a trust-based equitable society.” Ambani further said, “We are witnessing the fourth revolution, that is the digitalfirst revolution, where digital will be life for billions of people — which will be used in all technology — five or six kinds of technology will merge together, they will transform the whole world.”
