India's Prime Minister Modi calls for global cooperation at Krypto - says: We must have a similar way of thinking - Regulation
India's Prime Minister Modi calls for global cooperation at Krypto - says: We must have a similar way of thinking - Regulation
India's Prime Minister Narendra Modi has asked governments worldwide to work together in cryptocurrency. He pointed out that "the type of technology that is associated with this, which will not be sufficient by a single country, will not be sufficient to cope with its challenges."
The Indian Prime Minister Narendra Modi spoke on Monday at the Virtual Davos Agenda Conference of the World Economic Forum on cryptocurrencies. "The challenges we are facing with. To counteract this is required to counteract and synchronize measures of all countries, all global authorities. These interruptions of the supply chain, inflation and climate change are examples.
The type of technology associated with this, the decisions made by a single country will not be sufficient to overcome its challenges. We have to have a similar way of thinking. This is not the first time that Prime Minister Modi asks the countries to work together in cryptocurrency. In December last year, he said at the summit organized by US President Joe Biden that cryptocurrencies should be used strengthen democracy . In November, he asked the countries to work together at Bitcoin and cryptocurrency to ensure that this is not the case get into the wrong hands . The Indian government has been working on a regulatory framework for cryptocurrencies for some time. A bill entitled "The cryptocurrency and the regulation of the official digital currency" was listed in the list winter meeting of the parliament, but was not accepted. The government is now revision The invoice. According to reports, modes will take over Final decision Cryptocurrency regulation. The Reserve Bank of India (RBI), however, has asked the Indian government to completely prohibit cryptocurrencies. In its most recent meeting of the central board, the central bank said that a partial ban does not work . The RBI has repeated warned about the risks for the financial system of the country. The Swadeshi Jagran some (SJM), an offshoot of the nationalist Rashtriya Swayamsevak Sangh, also asked the Indian government to do so forbid crypto-draft . The Indian crypto industry is currently for taxation in the union household 2022-23. The efforts came after the General Directorate of the GST Intelligence (DGGI) large crypto exchanges and found and found massive tax evasion. What do you think that Indian Prime Minister Narendra Modi calls the countries to work in the cryptocurrency? Let us know in the comment area below. Bedy verification : Shutterstock, Pixabay, Wikicommons The Indian Prime Minister calls on “every country, every global authority” to work together in the cryptocurrency
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