India’s Prime Minister says “Cryptocurrency Shouldn’t Fall Into The Wrong Hands”

Besides Stocks and Forex, Crypto market is skyrocketing and gaining huge investments in recent times.

As a result, several countries are planning to regulate the crypto market to make it secure for the investors.

Recently, Prime Minister Narendra Modi addressed all the democratic nations regarding the growing crypto market and blockchain.

He suggested everyone to deal with the issues of crypto market to prevent negative effects on the younger generation.

The PM made some interesting statements about Bitcoin during a virtual meeting at the Sydney dialogue.

He asked all the democratic nations to take the initiative and come up with governance and technical standards along with respecting the democratic values.

According to Indian leaders, these standards should recognize democratic rights and promote trade and investment at the same time.

“It should also recognize national rights and, at the same time, promote trade, investment, and the larger public good. Take cryptocurrency or bitcoin for example. It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth,” Modi said.

“We are at a historic moment of choice. Whether all the wonderful powers of technology of our age will be instruments of cooperation or conflict, coercion, or choice, domination or development, oppression or opportunity,” the PM further added.

Now coming to the situation of cryptocurrency in India, several MPs and experts said that the cryptocurrency market should be regulated for a safer investment option.

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