Cryptocurrency: Modi says nations need to work together

New Delhi: Prime Minister Narendra Modi said that all democratic countries need to work together on cryptocurrency and ensure that it does not end up in the wrong hands.

Delivering the keynote address at the inaugural Sydney Dialogue via video conferencing, Modi spoke on the theme of India’s technology evolution and revolution and the noted recognition for the country’s central role in the Indo-Pacific region and in the emerging digital world.

Giving an example of the virtual currency, he said, “Take cryptocurrency or Bitcoin for example. It is important that all nations work together on this and ensure it does not end up in the wrong hands, which can spoil our youth.

“Noting the benefits of the digital age, Modi also said that the world also faces new risks and new forms of conflicts across diverse threats from the sea-bed to cyber to space.

He also said that as a democracy and a digital leader, India is ready to work with partners for shared prosperity and security.

“India’s digital revolution is rooted in our democracy, our demography, and the scale of our economy. It is powered by the enterprise and innovation of our youth. We are turning the challenges of the past into an opportunity to take a leap into the future.”

Describing India’s extensive experience with the use of technology and policy for public good, he said that inclusive development and social empowerment can be of great help to the developing world.

Image courtesy of (courtesy: Wikimedia)

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