Indian Prime Minister Narendra Modi urged “all democratic nations” to cooperate on cryptocurrencies during his speech on Thursday.
Cryptocurrencies at the forum organized by the Australian Strategic Policy Institute. talking about mod, “This not fall into the wrong hands and not to spoil our youth It is important for all democratic nations to work on it.” made a statement.
The Indian government’s cryptocurrencies are theirs, the Economic Times reported on Wednesday. as a means of payment preventing the use of such as gold, stocks, bonds It seems likely that it will place it in a legal framework that allows its use.
According to data from blockchain analysis company Chainalysis, the total trading volume of the cryptocurrency market in India was $923 million between April 2020 and May 2021. $6.6 billion rose.
The legal regulations that continue to be prepared for cryptocurrencies are expected to be submitted to the cabinet in draft in the next few weeks.