PM Modi on Bitcoin: ‘Shouldn’t end up in wrong hands, may spoil youths’

Last week, PM Modi conducted a high-level meet to discuss the matters for bitcoin issues and showed concern over the unregulated crypto market in the nation and can it possibly lead to.

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New Delhi: Prime Minister Narendra Modi stated on Thursday that service sectors and industries of India will go through immense digital transformation. Underlining bitcoin’s example, Modi urged the country to work on the issue related to cryptocurrency and make sure that it doesn’t “end up in wrong hands that can spoil our youth”.

“India’s industry and services sectors are undergoing massive digital transformation using technology for conversion of resources and protection of biodiversity,” PM stated at Sydney dialogue.

Last week, PM Modi conducted a high-level meet to discuss the matters for bitcoin issues and showed concern over the unregulated crypto market in the nation and can it possibly lead to.

PM Modi’s speech on the theme of India’s technology revolution and evolution was led by preliminary remarks by Scott Morrison, Australian Prime Minister. The previous day before the Sydney dialogue, the PM tweeted, “At around 9 am tomorrow, 18th November, will be delivering the keynote address at The Sydney Dialogue. This forum focuses on new avenues of technology and how they can be leveraged for the good of our planet.”

The dialogue’s focus was to bring together government, business and political leaders to have a debate, work towards common understanding, create new ideas and technology.

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