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‘Crypto-currency or bitcoin can spoil our youth’: PM Modi urges nations to ensure it does not end up in wrong hands

PM Modi’s address was preceded by introductory remarks by the Australian Prime Minister Scott Morrison, Prime Minister’s Office said in a statement.

New Delhi: Prime Minister Narendra Modi while speaking at the Sydney Dialogue cited crypto-currency and bitcoin as an example and asked democratic nations work together and to also ensure that it does not end up in wrong hands.

“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,” he said.

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Prime Minister Narendra Modi on Thursday listed out “Digital transitions shaping” the country, at the inaugural edition of The Sydney Dialogue.

“As a democracy and digital leader, India is ready to work with partners for our shared prosperity and security. India’s digital revolution is rooted in our democracy, our demography and the scale of our economy. It’s powered by enterprise and innovation of our youth,” said PM Modi during his keynote address.

Prime Minister said that India is “turning the challenges of the past into an opportunity to take a leap into the future. While speaking on the theme of “India’s technology evolution and revolution”, PM Modi noted that there are five important transitions taking place in India.

PM Modi’s address was preceded by introductory remarks by the Australian Prime Minister Scott Morrison, Prime Minister’s Office said in a statement.

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The Sydney Dialogue is being held between November 17-19. It is an initiative of the Australian Strategic Policy Institute.