Prime Minister Narendra Modi on Friday called for united efforts to shape global norms for emerging technologies like social media and cryptocurrencies.
In a virtual address at the Summit for Democracy hosted by US President Joe Biden, the PM said that world leaders need to jointly shape global norms for emerging technologies like social media and cryptocurrencies, so that they are used to empower democracy, not to undermine it.
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This is for the second time in the last three weeks that Modi called for working together on the need to regulate cryptocurrencies.
In his virtual address at the Sydney Dialogue on November 18, Modi urged democratic nations to work together to ensure that the cryptocurrency does not end up in the wrong hands.