Countries must ensure: Prime Minister Narendra Modi stated that it is critical for all democratic nations to collaborate on cryptocurrency to guarantee that it does not fall into the wrong hands, endangering our youth.
New Delhi:
Prime Minister Narendra Modi made his first public comments on cryptocurrencies today, saying that all democratic nations must work together to guarantee that it “does not end up in the wrong hands.”
Countries must ensure: In a speech at the Sydney Dialogue. Prime Minister Modi said, “It is critical that all democratic nations work together on this and guarantee that it does not wind up in the wrong hands, which can corrupt our youth.”
“We are living in a once-in-a-generation period of transformation, where technology and data are becoming new weapons.”
But the focus of the Prime Minister’s speech was “India’s Technology: Evolution and Revolution.”
In addition, PM Modi‘s warning comes just days after he met with industry leaders to discuss how to move forward with bitcoin in. India
The conference was the result of a collaborative process that included experts, the. Reserve Bank of India (RBI), the Finance Ministry, and the Home Ministry. However, The government’s actions are expected to be “progressive and forward-looking,” according to reports. It was apparently discussed that attempts to deceive adolescents through over-promising and non-transparent advertising must be halted.
For instance, The government is considering establishing a regulatory framework to control and oversee cryptocurrency investments.
Therefore, the Prime Minister remarked in his speech that the. Digital Age is “changing everything around us” and has reshaped politics, the economy, and society.
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