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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