cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us
No Result
View All Result
cc.Link
No Result
View All Result
Home News

Indian Prime Minister Warns Bitcoin Could Spoil Youth

ccLink by ccLink
November 23, 2021
in News
0
Indian Prime Minister Warns Bitcoin Could Spoil Youth
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Reading Time: 2 minutes

  • Indian Prime Minister Narendra Modi has as soon as again left the crypto world bemused, arguing that Bitcoin might ruin youth.
  • Modi stated that “democratic countries need to interact on cryptocurrency to guarantee it does not wind up in the incorrect hands.”
  • The remarks triggered a reaction from the crypto neighborhood.

Indian Prime Minister Narendra Modi has when again left the crypto world bemused, arguing that Bitcoin might ruin youth.

During a virtual keynote at the Sydney Dialogue, Modi stated that “democratic countries need to collaborate on cryptocurrency to guarantee it does not wind up in the incorrect hands.” His PR group, thinking that the declaration was so poignant it deserved duplicating, tweeted:

Take cryptocurrency or bitcoin. It is very important that all democratic countries interact on this and guarantee it does not wind up in [the] incorrect hands, which can ruin our youth.

The conference, entitled “We remain in a time of improvement,” was hosted by the Australian Strategic Policy Institute, and saw Modi highlight the effect of the Digital Age that “takes place simply as soon as in a generation, where innovation and information are ending up being brand-new weapons.”

As part of his speech, Modi went over digital properties in the context of monetary terrorism and cash laundering. Seemingly, the Indian PM thinks a strong regulative structure is needed to resolve all the prospective disadvantages of this emerging market.

” We are at a historical minute of option. Either all the terrific powers of innovation of our age will be instruments of cooperation or dispute, browbeating or option, dominance or advancement,” Modi stated, including that the world remains in a brand-new age of chances. He likewise highlighted the brand-new kinds of threats and dangers.

Crypto Community Bites Back

Modi’s declaration that Bitcoin might wind up living in the incorrect hands triggered a reaction from the crypto neighborhood, who see the flagship cryptocurrency, and other digital properties, as a method to avoid managing federal governments like China and India.

” When he states “in the incorrect hands”, “cooperation or dispute”. these expressions are no excellent to crypto, he simply desire control,” a Twitter user kept in mind, declaring that Modi likewise intends to acquire “control” over cryptocurrencies.

When he states “in the incorrect hands”, “cooperation or dispute”. these expressions are no great to crypto, he simply desire control.

— Slim (@Ethadalunazil) November 18, 2021

Cryptocurrencies like Bitcoin and Ethereum work on a blockchain, a digital dispersed, decentralized, and public journal that permits unequaled openness. There are likewise no main powers in crypto, with the biggest stakeholders being huge mining swimming pools and whales, which still do not represent a big share of the marketplace. Another Twitter user stated:

My analysis was “incorrect hands” are the hands of daily individuals, and “ruin our youth” to indicate break the existing monetary system and destroy the power starving centralized control.

My analysis was “incorrect hands” are the hands of daily individuals, and “ruin our youth” to indicate break the existing monetary system and mess up the power starving centralized control.

— § Bergh44 #dWorldSummit (@Bergh44) November 19, 2021

Meanwhile, the brand-new remarks come at a time when India is getting ready for a CBDC pilot. According to regional media, India’s digital rupee might see its pilot launch in the very first quarter of the next. “I believe someplace it was stated that a minimum of by the very first quarter of next year a pilot might be introduced. We are bullish on that,” the regional media priced estimate an authorities.

View Source

Did you like this post? Think about contributing to us.

[crypto-donation-box]

Related articles

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

February 1, 2023
Beginner’s Guide to Bitfinex: Complete Review

Beginner’s Guide to Bitfinex: Complete Review

February 1, 2023
Tags: bitcoinIndianPrime
Share76Tweet47

Related Posts

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

by ccLink
February 1, 2023
0

Litecoin raced to a nine-month high on Feb. 1, following a breakout of a key resistance level. The surge in...

Beginner’s Guide to Bitfinex: Complete Review

Beginner’s Guide to Bitfinex: Complete Review

by ccLink
February 1, 2023
0

Bitfinex consistently ranks among the top exchanges in terms of daily trading volumes and is one of the most well known...

Earn Interest on Crypto during Crypto Winter: Top Strategies

Earn Interest on Crypto during Crypto Winter: Top Strategies

by ccLink
February 1, 2023
0

Crypto investors can still add to the value of their assets even during crypto winter. What are the top strategies...

Cryptocurrency lender Celsius was “insolvent since inception,” investigation finds

Cryptocurrency lender Celsius was “insolvent since inception,” investigation finds

by ccLink
January 31, 2023
0

Turns out the Celsius Network, a cryptocurrency lender that promised customers 17% annual yields on their deposits, was indeed too...

Twitter Prepping For Payments, Could Include Bitcoin And Crypto: FT

Twitter Prepping For Payments, Could Include Bitcoin And Crypto: FT

by ccLink
January 31, 2023
0

Elon Musk’s Twitter is preparing to add payments functionality that could potentially include cryptocurrency, inside sources told the Financial Times.Elon...

Load More
  • Trending
  • Comments
  • Latest
Crypto exchange Gate.io to provide Pyth Network with price data

Crypto exchange Gate.io to provide Pyth Network with price data

November 25, 2021
Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

Celsius Network Raises $400M Led by Canada’s 2nd Largest Pension Fund to Reassure Regulators

November 20, 2021
You Are The Carbon They Want To Reduce

You Are The Carbon They Want To Reduce

April 11, 2022
What Would Happen if Celsius Got Sued by the Rest of the Claimants?

What Would Happen if Celsius Got Sued by the Rest of the Claimants?

July 14, 2022
AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

AMC CEO Proudly Declares That the Company Now Accepts Various Cryptocurrencies as Online Payment

0
New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

New york city’s Incoming Mayor Wants to Be Paid in Bitcoin (At Least Temporarily)

0
International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

International Money Laundering Watchdog Says Uh, Yeah, Better Regulate Cryptocurrency

0
No, Putin Isn’t Embracing Cryptocurrency Just Yet

No, Putin Isn’t Embracing Cryptocurrency Just Yet

0
Has Blur Circumvented Opensea’s Blocklist Rules?

Has Blur Circumvented Opensea’s Blocklist Rules?

February 1, 2023
Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

Biggest Movers: LTC Races to 9-Month High, ATOM Extends Recent Gains

February 1, 2023
NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal

NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal

February 1, 2023
Luxor Technologies Launches The First Bitcoin Mining ASIC Request-for-Quote Platform

Luxor Technologies Launches The First Bitcoin Mining ASIC Request-for-Quote Platform

February 1, 2023

Join our mailing list

Tags

ADA altcoin altcoin daily altcoins Binance bitcoin bitcoin analysis bitcoin crash bitcoin live bitcoin news bitcoin news today bitcoin prediction bitcoin price bitcoin price prediction bitcoin today Blockchain btc btc news btc price buy bitcoin Cardano Crypto crypto crash Cryptocurrency cryptocurrency news crypto market Crypto Monnaie cryptomonnaie Crypto News crypto news today DEFI Dogecoin ETH Ethereum Finance investing metaverse Money news nft Ripple Shiba inu Solana trading xrp

© 2022 CC.LINK

No Result
View All Result
  • Home
  • News
  • NFT
  • Videos/Tips
  • Mining
    • How to Mine Bitcoin
    • Top Mining Software
    • Mining Articles
  • Tools
    • Live Crypto
    • Free Wallet
  • Live
  • Marketplace
  • Contact us

© 2022 cc.Link.