India’s Modi urges democracies cooperate to make cryptocurrencies safe
By Rupam Jain
MUMBAI (Reuters) -Indian Prime Minister Narendra Modi urged cooperation between the world’s democracies to assure cryptocurrencies like Bitcoin do not “end up throughout the incorrect fingers”, delivering the suggestions whereas his authorities drew up new tips for digital currencies.
Modi did not elaborate on these fears in his speech delivered practically to the Sydney Dialogue, a dialogue board centered on rising, essential and cyber utilized sciences.
But authorities in India and elsewhere have flagged the dangers of cryptocurrencies being utilized by terrorist groups and organised crime, and the destabilising hazard they posed to nationwide economies.
After extolling the options supplied by cyber age know-how, Modi sound a observe of warning relating to digital currencies.
“Take cryptocurrency or Bitcoin, for example. It …