Prime Minister Narendra Modi said on Friday that the use of emerging techniques such as cryptocurrency should be used to strengthen democracy.
According to the report, PM Modi is going to decide soon on the structure of the regulation of cryptocurrency. However, there is confusion about it. PolicyMaker says that out of regulation is a threat to the digital currency economy and financial stability.
Prime Minister Narendra Modi has once again raised the global rule about cryptocurrency and social media. PM said that if these two new streams of technology were not regulated, it will increase the threat to democracy.
The power of democracy contained in the public '
Speaking in Democracy Summit 2021 on behalf of the US President who was held online, PM Modi (Narendra Modi) said that the meaning of democracy is contained in the public and in the public.
He said that structural features like multi-party elections, independent judiciary and independent media are important elements of any democracy. He said, 'However, the fundamental power of democracy is the emotional emotion and ethos inherent in our citizens and society. "
PM Modi on Cryptocurrency
Narendra Modi has appealed to making global rules for the regulation of social media and Cryptocurrency while addressing the virtual conference. He said, "We should jointly create global rules for emerging techniques such as social media and Cryptocurrency (so that they should be used to strengthen democracy, not to weaken it. '
In the last three weeks, this is the second opportunity when Modi (Narendra Modi) has appealed to work together to regularize cryptocurrency. In his virtual address in 'Sydney Dialog' on November 18, he had appealed to work together to control the Cryptocurrency and wrong people.