Finance Minister Nirmala Sitharaman on Tuesday said that technology must be used for the public good and should not be weaponised. Speaking at the Global Fintech Fest 2025, Sitharaman noted that globally, technology advancements are sometimes misused, which leads to questions about global progress due to technology weaponisation.

She also launched the Foreign Currency Settlement System (FCSS) of GIFT International Financial Services Centre (IFSC).

“It is important to constantly remind ourselves that technology cannot be in that sense truly mastered, but having obtained certain proprietary rights over some parts of it, we should refrain from weaponising it,” Sitharaman said.

She said fintech in the country is not a niche urban convenience, it is a nationwide enabler of economic empowerme

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