Balanced Regulation Needed for Gaming & Crypto Growth: Priyank Kharge

Karnataka IT Minister Priyank Kharge stresses the need for global and flexible regulations to support gaming and cryptocurrency industries without harming growth. Speaking at an AI conclave, he highlighted challenges like cross-border risks, high taxes, and server tracking issues. Kharge urged collaboration between state and central governments for progressive laws and warned against stifling innovation, citing the EU’s restrictive AI rules. He also emphasized state-led cyber safety initiatives and public awareness campaigns to combat fraud effectively. Kharge called for practical solutions to ensure consumer safety and industry expansion.