Prime Minister Narendra Modi called for all nations to cooperate on the issue of crypto assets as every global agency will need synchronised action to tackle them. He was speaking at the 2022 World Economic Forum's annual Davos conference that was held virtually this year. Referring to cryptocurrency as a challenge on par with supply-chain disruptions, inflation, and climate change, PM Modi said that the kind of technology associated with cryptocurrency renders decisions taken by a single nation as inadequate. “We will need to maintain a shared thinking to deal with the challenges posed by cryptocurrency,” he declared. The Prime Minister's remarks are indicative of the focus of the Indian government while it continues to prepare the draft of the widely-anticipated cryptocurrency bill. ‘Cryptocurrencies should not end up in wrong hands’ PM Modi had earlier called for the international order to work towards ensuring that cryptocurrencies do not end up in the wrong hands, at The Sydney Dialogue last year, The Hindu reported. “It is important that all democratic nations work on this and ensure that it does not end up in the wrong hands, which can spoil our youth,” PM Modi said in his virtual address. The Sydney Dialogue is an annual summit of cyber and critical technologies to discuss the impact of the digital domain on the law and order situation in the world, the report added. PM Modi’s run-in with hackers PM Modi is no stranger to wrong hands as his personal Twitter handle (@narendramodi) was “briefly compromised” on…
Nations need synchronised action to tackle crypto challenge: PM Modi at WEF’s Davos Conference
In the past, the Prime Minister has similarly appealed for global efforts on preventing the misuse of cryptocurrencies.
- Jugalbandi, A Chatbot for Rural India by Microsoft and EkStep: What to Know and Think About? June 3, 2023
- Hopeful to See Action Against E-Pharmacies Selling Medicines Online Without Licenses: Pharmacy Body Writes to States and UTs June 3, 2023
- Meta to give advertisers more control using AI and content filters June 2, 2023
- Transparency Report: Here’s all Facebook, Instagram, Twitter and Google had to say about user complaints in April June 2, 2023
- Views: Informed Consent—Fiction, Not Fact June 2, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...