Prime Minister Delivers Indian Dialogue on Cryptocurrency in Australia

Prime Minister Delivers Indian Dialogue on Cryptocurrency in Australia

Prime Minister Delivers Indian Dialogue on Cryptocurrency in Australia

Prime Minister Narendra Modi on Thursday commented on the grand digitalisation and transformation to virtual modes of Indian industries and service sectors. Citing the example of bitcoin, the PM remarked on the collective argument and leverage of decisions on cryptocurrency to stop its trade from spoiling our youth. 

The change to digital mode can be detected towards the conversion of resources, and including biodiversity. 

PM Modi chaired a high-level discussion to dwell on the concerns and threats that digital currencies can lead to subsequently. 

The meeting proceeded to certain consultations as the RBI, Finance Ministry and Home Ministry had given detailed elaborations on each concern. Experts from all across the globe were consulted in this matter. 

Unregulated cryptocurrency markets cannot become the venue for money laundering and terror financing activities. Government has remarked to keep a close watch on the evolving technology. 

PM Modi will deliver a speech on the Sydney dialogue today in Australia, to discuss India's stand on digital currencies policy. The form focuses on new avenues of technology and ensuring its good for our planet. 

The dialogue was aimed to accumulate  political, business and government leaders to debate, think and frame ideas, and work to derive a common understanding of the opportunities and challenges posed by emerging yet critiqued technologies.
 

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