India Prime Minister Modi calls for global cooperation to develop a comprehensive regulatory framework for cryptocurrencies and all emerging technologies, including AI.
- India continues to lead the push for global cryptocurrency regulations as Prime Minister Narendra Modi reiterated the need for countries to collaborate during the recent Business 20 Summit.
Modi noted that over the past nine months, “vast efforts and energy have been channeled into debt and crypto agendas,” and said India’s role as the G20 president “expanded the crypto conversation beyond financial stability to consider its broader macroeconomic implications, especially for emerging markets and developing economies.”
The B20 is an event associated with the G20 Summit aimed at collecting insights and recommendations from international business leaders to tackle today’s pressing issues. One company that is already heeding Modi’s call is Reliance Industries Ltd., an Indian multinational conglomerate, headquartered in Mumbai, that is chaired by Asia’s richest man, Mukesh Ambani.
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