Underlining the accelerated growth of technology, Prime Minister Narendra Modi has emphasized the importance of adopting and harmonizing these advancements globally. In a recent interaction, PM Modi took the opportunity to discuss the ever-growing realm of cryptocurrencies.
“Hence, recognizing the rapid transformation technology undergoes, ignoring or wishing it away isn’t an option,” he shared.
Besides considering a national or regional view, PM Modi articulated the need for a global consensus-based model.
Under India’s helm at the G20 presidency, the discourse on cryptocurrency has been elevated beyond mere financial stability concerns. Consequently, the G20 body has reached a consensus, guiding standard-setting entities. Besides offering leadership, India’s presidency enriched the global dialogue through insightful seminars, shedding light on the multifaceted world of crypto assets.
The Prime Minister acknowledged the enriching seminars and discussions hosted during India’s presidency. These interactions, he believes, have not only deepened the understanding of crypto assets but also highlighted their broader macroeconomic implications.
As technology evolves rapidly, leaders like PM Modi are steering the conversation towards a more collaborative and inclusive approach. With the world watching, the decisions made now will pave the way for the future of cryptocurrencies and other emerging technologies.