Cryptocurrency should not go into the wrong hands: PM Modi

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Prime Minsiter Narendra Modi urged all democratic nations to work as a team and ensure that cryptocurrency does not go into the wrong hands, cautioning that it can spoil the youth.

While addressing a virtual conference at the Sydney Dialogue, he said the digital age is changing everything as it has redefined politics, economies and societies. It has also raised new questions on sovereignty, governance, ethics, rights and security.

Data greatest product

Modi said that India is investing in developing indigenous capabilities in diverse areas like 5G and 6G for the telecom sector, while giving an overview of the country’s approach to new technologies.

He also said that the country has an unmatched experience in using data as a source of empowerment of people, and that too in a democratic setup with strong guarantees of individual rights.

Also, India is building the world’s most extensive public information infrastructure and more than 1.3 billion Indians have a unique digital identity.

Data is the greatest product of technology today. Owing to this, a robust framework of data protection, privacy and security has been created in India, he added.

The country is also en-route in connecting 6,00,000 villages with broadband, he said. Also, he commented on the strategic cooperation between India and Australia as a good omen for the region and world.