fbpx
  Previous   Next
HomeBusinessCryptocurrency Does Not End Up In Wrong Hands: PM Modi

Cryptocurrency Does Not End Up In Wrong Hands: PM Modi

Delivering the keynote speech at the inauguration of The Sydney Dialogue, PM Modi appealed for forging alliances and partnerships between democratic nations with regards to cryptocurrency to ensure that it does not “end up in wrong hands”, which could potentially delude or spoil the youth.

At the dialogue, Prime Minister Modi also spoke about India’s rapid and positive tryst with technology, on the theme of India’s technological evolution and revolution.

PM Modi had earlier alluded to the potentially “misleading and delusive” advertisements that are currently running on various platforms by crypto exchanges and the need to rein them in, especially from the perspective of a first-time investor. Following that, stakeholders in this space have agreed to go easy on the advertisements, with WazirX refraining from advertising on print and digital platforms at present.

With speculations of crypto to be considered for regulation as an asset class like gold, bonds, and not for transactional purposes, the crypto bill is likely to be tabled in the winter session of the parliament, which is likely to take place between November 29-December 13, 2021.

On the other hand, RBI governor Shaktikanta Das has, yet again, raised concerns about cryptocurrency, mentioning that “there are far deeper issues involved”.

Das also stated that he is yet to see a serious discussion around cryptocurrency and that blockchain technology can thrive without crypto as well, as it has been for the last decade.

More News

India Will Have 1 Billion Smartphone Users By 2026

Giving a thrust on domestic manufacturing, Prime Minister Narendra Modi on Tuesday said that mobile manufacturing units have increased from just two in 2014...

Cataract Could Soon Be Treated With Drugs

A revolutionary new treatment for cataract has shown extremely positive results in laboratory tests, giving hope that the condition, which currently can only be...

Punjab CM Bhagwant Mann Has Decides To Abandon Special Cells In Jails For VIP Prisoners

In a major crackdown on the nexus of gangsters and criminals operating from jails, the Punjab government teams have confiscated 710 mobile phones from...

RELATED NEWS

India Will Have 1 Billion Smartphone Users By 2026

Giving a thrust on domestic manufacturing, Prime Minister Narendra Modi on Tuesday said that mobile manufacturing units have increased from just two in 2014...

Electric Vehicle Maker Rivian On Track To Build 25,000 Vehicles In 2022

Electric vehicle maker Rivian Automotive maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported...

Elon Musk Says Businesses And Governments Accounts Likely To Pay To Use Twitter

Elon Musk has said that businesses and governments may soon need to pay a “slight cost” to use Twitter just weeks after announcing he...