HomeNewsPM Modi warns ‘young’ crypto users in India in his first public comment on crypto
PM Modi warns ‘young’ crypto users in India in his first public comment on crypto
In his first public comments on cryptocurrencies, Prime Minister Narendra Modi on Thursday warned that bitcoin presents a risk to younger generations as his government prepares to introduce legislation to regulate digital currencies
Speaking at the Sydney Dialogue, a forum on emerging, critical, and cybertechnologies, PM Modi framed virtual money, which is highly popular in India and exists beyond state and central bank control, as a domain that needs to be closely policed.
He mentioned that “The Centre is considering a regulatory framework to manage and oversee investments made in cryptocurrency”.