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- Published: November 18, 2021 12:38
New Delhi: Delivering the keynote address at The Sydney Dialogue, PM Modi said the Digital Age is changing everything around us. “It has redefined politics, economy and society,” he added. “It is raising new questions on sovereignty, governance, ethics, law, rights and security.
It is reshaping international competition, power and leadership,” the Prime Minister said while speaking on the theme of “India’s Technology: Evolution and Revolution”.
He further said “Take crypto-currency or bitcoin for example. It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth,”
Take crypto-currency or bitcoin for example.
It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth: PM @narendramodi
— PMO India (@PMOIndia) November 18, 2021
This is a big statement regarding cryptocurrency as the Indian Govt is yet to take the decision over it.
Last week, PM Modi chaired a meeting on the way forward for cryptocurrency and related issues.
The meeting had discussed that unregulated cryptocurrency market does not lead to “money laundering and terror financing”. There was also consensus that the steps taken in this field by the government will be progressive and forward-looking. It was strongly felt that attempts to mislead the youth through over-promising and non-transparent advertising be stopped, sources had said.
Addressing keynote address at The Sydney Dialogue, PM Mode said that the world has ushered in a new era of opportunities for progress and prosperity.
As a democracy and digital leader, India is ready to work with our partners for the shared prosperity and security of the planet.
There are five key transitions taking place in India today, which will have a major impact on our development journey. pic.twitter.com/WTl9YEnt3r
— Narendra Modi (@narendramodi) November 18, 2021
“But we also face new risks and new forms of conflict across diverse threats, from sea-bed to cyber to space. Technology has already become a major instrument of global competition and key to shaping the future international order,” he said.
Technology and data are becoming new weapons, PM Modi said and added that “The biggest strength of democracy is openness. At the same time, we should not allow a few vested interests to misuse this openness.”
It is important that democracies work together, invest in research and futuristic technologies.
It is equally important to strengthen cooperation on intelligence and cyber security. pic.twitter.com/6bSUFe3VOf
— Narendra Modi (@narendramodi) November 18, 2021