PM Modi: Crypto control essential so it doesn't spoil the youth

Prime Minister Narendra Modi addressing the issue of technology data, privacy and future of cryptocurrency delivered the keynote address at The Sydney Dialogue. PM Modi reiterated to the audience that while India will continue to strive to be a digital leader protecting data remains key to democracy. The PM also touched upon the 'hot topic' of digital tokens at millions of Indians await regulation clarity from the government. Here are the top highlights of the address on Thursday.

PM on cryptocurrency
Take crypto-currency or bitcoin for example. It is important that all democratic nations work together on this.

PM on tech & data; a weapon
Technology and data are becoming new weapons.The biggest strength of democracy is openness.At the same time, we should not allow a few vested interests to misuse this openness.

PM on big push for semi-conductors
We have the benefit of our skills and global trust.And now, we are focusing on hardware. We are preparing a package of incentives to become a key manufacturer of semi-conductors.

PM on protecting privacy
The greatest product of technology today is data.In India, we have created a robust framework of data protection, privacy and security.And, at the same time, we use data as a source of empowerment of people.India has unmatched experience in doing this in a democratic framework with strong guarantees of individual rights.