- 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”.
[Via]