India’s Modi Calls for Global Crypto Standard
The prime minister said that technologies, such as crypto, should empower democracies not undermine them.
Indian Prime Minister Narendra Modi called for the creation of a global standard for technologies, such as social media and crypto.
- At the Summit for Democracy, Modi said that emerging technologies, such as crypto, should be used to empower democracies not undermine them.
- The prime minister’s remarks came as the government is preparing to introduce a crypto bill in the winter session of the Parliament.
- The government had reportedly submitted a draft bill looking to ban all private cryptocurrencies. However, the bill is yet to be introduced to the Parliament for approval.
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