Finance Minister Nirmala Sitharaman  said building a responsible financial system is important to tackle various financial threats including cyber threats, crypto regulations and tax evasion. Sitharaman was speaking at the Global Fintech fest in Mumbai on September 5.

Global cooperation is critical for effective use  of technology to tackle various risks in financial system, Sitharaman said, adding that technology is a powerful tool but can be used only with global cooperation to face various challenges.

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