After a series of cabinet meetings. India’s Prime Minister, PM Narendra Modi goes all out to voice his views on the issue of Cryptocurrency in the country.
Furthermore, while addressing the Sydney Dialogue online, PM Narendra Modi explains the importance of democratic nations involvement in Cryptocurrency. Then, he notes they should cooperate with cryptocurrencies and blockchain technology. Then, give out warnings on them using it for unfair means instead.
Furthermore, We have in detail all his opinions on the subject matter.
It is a great honour for the people of India that you have invited me to deliver the keynote at the inaugural Sydney Dialogue.
I see this as a recognition of India’s central role in the Indo Pacific region and in the emerging digital world
The digital age is changing everything around us.
It has redefined politics, economy and society.
It is raising new questions on sovereignty, governance, ethics, law, rights and security.
...So, It is reshaping international competition, power and leadership: PM @narendramodi
Five, there is a large effort to prepare India for the future.
We are investing in developing indigenous capabilities in telecom technology such as 5G and 6G: PM @narendramodi
Four, India’s industry and services sectors, even agriculture, are undergoing massive digital transformation.
We are also using digital technology for clean energy transition, conservation of resources and protection of biodiversity: PM @narendramodi
There are 5 important transitions taking place in India by PM
“One, we are building the world’s most extensive public information infrastructure.
Over 1.3 billion Indians have a unique digital identity.
We are on our way to connect six hundred thousand villages with broadband: PM
The greatest product of technology today is data.
In India, we have created a robust framework of data protection, privacy and security.”
And, at the same time, we use data as a source of empowerment of people: PM @narendramodi
Today, we offered our CoWin platform to the entire world free and made it open source software: PM @narendramodi
India’s IT talent helped to create the global digital economy.
It helped cope with the Y2K problem.
It has contributed to the evolution of technologies and services we use in our daily lives: PM @narendramodi
Take crypto-currency 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: PM @narendramodi