Cryptocurrency should be used to strengthen democracy - regulation

Veröffentlicht:

Von: Krypto News Österreich

The Indian Prime Minister Modi informs the summit of President Biden: Cryptocurrency should be used to strengthen democracy

India's Prime Minister Narendra Modi spoke on a summit for democracy about cryptocurrency recently organized by US President Joe Biden. He called for global cooperation in cryptocurrencies "so that they serve to strengthen democracy and not to undermine it".

Prime Minister Narendra Modi speaks at the summit for democracy of President Joe Biden about crypto

President Joe Biden organized a two -day virtual “summit for democracy” from December 9th to 10th. The conference brought "executives from government, civil society and the private sector together in our joint efforts to establish a affirmative agenda for democratic renewal and to fight the greatest threats that democracies today face through joint action", described the US State Department.

The Indian Prime Minister Narendra Modi said at the summit on Friday that emerging technologies such as cryptocurrencies should be used to strengthen democracy. He emphasized:

We have to ... together global norms for new technologies such as social media and cryptocurrencies so that they serve to strengthen democracy and not to undermine them.

The Indian government is currently working on cryptocurrency legislation. A crypto calculation was to take into account in Lok Sabha, the lower house of Indian parliament. According to reports, the government plans to regulate crypto-assets, but forbid the use of cryptocurrency for payments. Investors are also given a deadline to declare their crypto stocks.

Prime Minister Modi is reportedly a About this is how is regulated in India. A high -ranking meeting took place on Thursday to check all options, including “a complete ban on private cryptocurrencies, a partial ban that allows all categories of crypto products with regulation or just a few with regulation”.

Do you agree to the Indian Prime Minister Modi in relation to cryptocurrency? Let us know in the comment area below.

Bedy verification : Shutterstock, Pixabay, Wiki Commons