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Cryptocurrency in wrong hands can spoil youth, says PM Modi

Shortpedia

Content Team
Image Credit: shortpedia

Prime Minister Narendra Modi on Thursday urged all democratic nations to work together in ensuring that cryptocurrency "does not end up in the wrong hands." His comment came during a virtual address at the Sydney Dialogue hosted by Australia. India has yet to regulate cryptocurrency—virtual coins that are designed to work as a medium of exchange. This marked PM Modi's first public comment on cryptocurrency regulation.