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India PM Speaks Cryptos in Sydney Dialogue, Is India Adopting Soon? -Breaking

by Mike Robinson

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India PM Speaks Cryptos in Sydney Dialogue, Is India Adopting Soon?
  • India’s PM talks about how to prevent crypto assets from falling into wrong hands.
  • Video conference: PM Modi joined the Sydney Dialogue.

The financial industry’s most talked about topic is still cryptocurrency. The Prime Minister of India Narendra Modi speaks via videoconference about crypto assets during his conversation at the Sydney Dialogue. Modi indicated that the countries need to work together in order for crypto-assets not be lost.

Modi also explained the following:

Consider bitcoin or cryptocurrency, as an example. We need to work with all democracies in order for this to be a success.

Modi warned that cryptocurrency-assets should not be permitted to be used for terrorist and fraudulent purposes during a meeting in India with officials. We can clearly see Modi’s real intent to make cryptos safe for India and all people around the globe. Some people wondered if Modi’s view on cryptocurrency would lead to India becoming more open to virtual assets.

However, despite all the problems in the cryptocurrency industry, it is still strong. This means that the crypto space continues to be supported by its investors and the community. The crypto world is a safer place to trade and for those who adopt it.

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