Atmanirbhar reset? PM Modi calls for global solution to crypto challenges

PM Narendra Modi at WEF on cryptocurrency: Addressing the World Economic Forum's virual seminar titled 'Davos Agenda' PM Modi put the spotlight on the changing global order and new challenges like cryptocurrencies calling for collective and synchronised action from global regulators.

"The kind of technology it is associated with, the decision taken by a single country will be insufficient to deal with its challenges. We have to have a similar mindset," Modi said.

PM Narendra Modi also highlighted that multilateral organisations need to review and revive resolve to face emerging challenges globally.

Also read and watch: Your Complete Crypto Guide: The Good, The Bad and The Ugly!

Here are some of the highlights from PM Modi's speech at World Economic Forum(WEF) where he spoke of the challenges again-:

• Need collective and synchronised solutions for emerging challenges like crypto

• The tech involved in crypto make it clear that the world has to be on the same page on it

• The world order has changed and so have challenges

• It is important to review the multilateral organisations - are they geared for the new challenges?

• The global situation has changed dramatically, need reforms in the multilateral organisations to have the resolve the solve new and emerging problems

• The world needs new support and solutions for a better and smoother future