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24.11 - 20:15
Modi Says Bitcoin in the ‘Wrong Hands’ Can ‘Spoil Our Youth’ as India Readies a CBDC
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cryptonews.comThe world of crypto has been left bemused (and in some cases thoroughly amused) by unexpected comments made on bitcoin (BTC) and crypto regulation from the Indian Prime Minister Narendra Modi.
In a virtual address at the Sydney Dialogue, Modi stated that “democratic nations should work together on cryptocurrency to ensure it does not end up in the wrong hands.”
On Twitter, he (or his PR team) decided that the sentiment was so poignant it was worth repeating in writing, explaining:
“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 [the] wrong hands, which can spoil our youth.”
Furthermore, he urged, in the full address,
“We are at a historic moment of
Read more on cryptonews.comAbout this in other media
India to consider allowing crypto trading for some investors economictimes.indiatimes.com /3 years ago
India could ban private crypto and launch CBDC finextra.com /3 years ago
India to ban almost all private cryptocurrencies including Bitcoin in new clampdown euronews.com /3 years ago
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