MUMBAI, Nov 18 (Reuters) – All democratic nations should work collectively to make sure cryptocurrency “doesn’t find yourself in flawed arms, which may spoil our youth,” Indian Prime Minister Narendra Modi stated 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 thousands and thousands of Indians within the digital forex.
Final week Modi chaired a gathering to debate the way forward for cryptocurrencies amid issues that unregulated crypto markets might turn out to be avenues for cash laundering and terror financing, sources had informed Reuters. (Reporting by Rupam Jain; Modifying by Clarence Fernandez)
