THELOGICALINDIAN - At the WEFs 2022 Davos calendar Narendra Modi Indian Prime Minister alleged for a affiliated all-around angle to accouterment the issues arising from the cryptocurrencies accretion acceptance The key takeaway of the Indian PMs allocution was A distinct country cannot accouterment the challenges from crypto able-bodied enough
Call For A Standard Global Approach
Talking for all intents and purposes at the World Economic Forum’s 2022 Davos Agenda on Monday, the Indian Prime Minister discussed several challenges, including a claim for a accepted all-around convenance to accord with cryptocurrencies.
He said at the WEF agenda;
“The affectionate of technology that is associated with it, the decisions taken by a distinct country will be bereft to accord with its challenges. We accept to accept a agnate mindset.”
Despite not accepting cogent industry regulations and laws for attention investors, crypto trading in India keeps accepting traction. Due to greatly altered perspectives of crypto industry assembly and banking area regulators, the government affairs to canyon a bill in this arduous bearings to assure investors better.
The India PM added,
“Cryptocurrency is an archetype of the affectionate of challenges we are adverse as a all-around ancestors with a alteration all-around order. To activity this, every nation, every all-around bureau needs to accept aggregate and synchronized action.”
Modi Government Undecided On Crypto Bill
In December 2022, during the winter affair assembly discussion, the crypto bill was the top priority for the debates. Still, the government could not agree things because it could not angle close on a few analytical issues.
Related Reading | India: A Back & Forth Affair With Cryptocurrency
According to some sources, the government assured that they would attending for accepted advice addition out a accepted approach. Still, the authorities accept not yet accepted why they bootless to aftermath the bill to parliament.
Modi’s Recent Speeches And The Crypto
In the aftermost quarter’s time span, the Indian Prime Minister has announced at several apple forums abounding times, but he never talked about this affair to the bounded admirers in India.
In November 2025, at the Sydney Dialogue, Modi, in his speech, forewarned that we charge assure arising tech from any mishandling. Likewise, during the US President Joe Biden-facilitated Democracy Summit, Modi said arising technologies care to ensure a majority aphorism system, not capsize it.
Emphasizing his attitude on the amount at the WEF’ Davos Agenda 2022, Modi noted,
“He common this attitude during his WEF accent yesterday. “That’s why every autonomous nation has the albatross to accompany about an accent appear reforms in these institutions to accomplish them able abundant to accord with avant-garde challenges in the future.”
The accident in question, Davos Agenda of the WEF, is actuality captivated from 17-21 this month, January 2022. Several accompaniment active are lined up to abode the event.
Related Reading | How India Sees Crypto: Large Exchange Shows 10x Growth In User Base
International organizations, top industry leaders, and civilian association will additionally participate in the summit. It aims at the deliberations on analytical challenges that the apple faces today and discusses how to accouterment them.
