Underlining the accelerated progress of know-how, Prime Minister Narendra Modi has emphasised the significance of adopting and harmonizing these developments globally. In a latest interplay, PM Modi took the chance to debate the ever-growing realm of cryptocurrencies.
Modi’s Call for Global Consensus
“Hence, recognizing the rapid transformation technology undergoes, ignoring or wishing it away isn’t an option,” he shared. Additionally, he make clear how the world wants a unified strategy to rules. He advocated for guidelines that transcend geographical boundaries, avoiding a singular, nation-focused perspective.
PM Modi on Crypto regulation : pic.twitter.com/WCw1btSjic
— Wise Advice By Sumit Kapoor (@sumitkapoor16) August 27, 2023
Besides contemplating a nationwide or regional view, PM Modi articulated the necessity for a world consensus-based mannequin.
“We can learn from the field of aviation. Moreover, just as air traffic control and air security have global standards, emerging technologies need their global rulebook,” he asserted.
India’s G20 Presidency: Zooming into Crypto
Under India’s helm on the G20 presidency, the discourse on cryptocurrency has been elevated past mere monetary stability issues. Consequently, the G20 physique has reached a consensus, guiding standard-setting entities. Besides providing management, India’s presidency enriched the worldwide dialogue by insightful seminars, shedding gentle on the multifaceted world of crypto property.
Furthermore, the Prime Minister acknowledged the enriching seminars and discussions hosted throughout India’s presidency. These interactions, he believes, haven’t solely deepened the understanding of crypto property but additionally highlighted their broader macroeconomic implications.
As know-how evolves quickly, leaders like PM Modi are steering the dialog in direction of a extra collaborative and inclusive strategy. With the world watching, the choices made now will pave the way in which for the way forward for cryptocurrencies and different rising applied sciences.
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