India’s Modi Calls for Global Crypto Standard
The prime minister said that technologies, such as crypto, should empower democracies not undermine them.
Updated May 11, 2023 at 4:40 p.m. UTC
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.