MUMBAI, Nov 18 (Reuters) – All democratic nations should work collectively to make sure cryptocurrency “doesn’t find yourself in incorrect fingers, which might spoil our youth,” Indian Prime Minister Narendra Modi mentioned on Thursday, in his first public feedback on the topics.
The remarks got here in a speech on the Sydney Dialogue as Modi’s authorities continues to be contemplating a regulatory framework required to handle and oversee investments made by tens of millions of Indians within the digital foreign money.
Final week Modi chaired a gathering to debate the way forward for cryptocurrencies amid considerations that unregulated crypto markets may grow to be avenues for cash laundering and terror financing, sources had informed Reuters. (Reporting by Rupam Jain; Modifying by Clarence Fernandez)
