"Prime Minister Narendra Modi stressed the need to establish a comprehensive global framework for regulating cryptocurrencies. He recognized the rapid advancement of technology and emphasized the importance of embracing and harmonizing its adoption. PM Modi highlighted that rather than ignoring or wishing away technological changes, the focus should be on adopting and democratizing them. He advocated for a unified approach to regulating emerging technologies, including cryptocurrencies, transcending national boundaries. PM Modi drew a parallel with the aviation industry, where common global rules and regulations govern the sector, and suggested a similar consensus-based model for emerging technologies. During India's G20 presidency, he stated that India's leadership expanded the conversation on cryptocurrencies beyond just financial stability to consider their wider macroeconomic implications, particularly for emerging markets and developing economies. "
"Prime Minister Narendra Modi stressed the need to establish a comprehensive global framework for regulating cryptocurrencies. He recognized the rapid advancement of technology and emphasized the importance of embracing and harmonizing its adoption. PM Modi highlighted that rather than ignoring or wishing away technological changes, the focus should be on adopting and democratizing them. He advocated for a unified approach to regulating emerging technologies, including cryptocurrencies, transcending national boundaries. PM Modi drew a parallel with the aviation industry, where common global rules and regulations govern the sector, and suggested a similar consensus-based model for emerging technologies. During India's G20 presidency, he stated that India's leadership expanded the conversation on cryptocurrencies beyond just financial stability to consider their wider macroeconomic implications, particularly for emerging markets and developing economies. "