PM Modi Addresses Cryptocurrencies

Prime Minister Narendra Modi claims that there are certain countries which support terrorism as part of their foreign policy.

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While addressing the conference, he stressed upon the changing dynamics of terrorism.

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He further elaborated that new kinds of technology are used for terror financing and recruitment.

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He detailed that challenges from the dark net and private currencies are emerging.

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Also, he specified that there is a need for a uniform understanding of new finance technologies.

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Concluding his part, he said that the answer to all is not to demonize technology but to use technology to track, trace and tackle terrorism.

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Recently, Binance CEO Changpeng Zhao said India’s onerous taxes on cryptocurrency transactions will probably “kill the industry” there.

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