India’s Prime Minister warns young crypto users about Bitcoin (BTC)

During his keynote speech at the Sydney Dialogue, Indian Prime Minister Narendra Modi mentioned India’s technology evolution and revolution. Speaking of Bitcoin (BTC), the Prime Minister called on all democratic nations to work together so that crypto doesn’t “end up in wrong hands, which can spoil our youth.”

India’s digital future

Yesterday, Narendra Modi tweeted that he would be delivering a speech at The Sydney Dialogue on 18^th November.

At around 9 AM tomorrow, 18th November, will be delivering the keynote address at The Sydney Dialogue. This forum focuses on new avenues of technology and how they can be leveraged for the good of our planet. @ASPI_org https://t.co/h2W6cex6Hn

— Narendra Modi (@narendramodi) November 17, 2021

The main purpose of The Sydney Dialogue was to bring together politicians, government officials, and entrepreneurs to discuss various issues and come up with new ideas related to technologies. Australian Prime Minister Scott Morrison was the first to speak, Narendra Modi took the floor straight after him.

Addressing The Sydney Dialogue. https://t.co/AYQ5xajhRD

— Narendra Modi (@narendramodi) November 18, 2021

The Prime Minister said that there were 5 important transitions taking place in India that will affect all India’s economic sectors, from agriculture to national security. According to Modi, the government is making a large effort to prepare India for the digital future.

There are 5 important transitions taking place in India.

One, we are building the world's most extensive public information infrastructure.

Over 1.3 billion Indians have a unique digital identity.

We are on our way to connect six hundred thousand villages with broadband: PM

— PMO India (@PMOIndia) November 18, 2021

In the wrong hands

The Prime Minister stated that the Indian authorities are striving to provide their citizens with a robust framework of data protection, privacy and security. Modi added that it was India’s IT talent that helped create the global digital economy. Speaking about Bitcoin and crypto in general, Narendra Modi called on all democratic countries to “work together on this (cryptocurrencies including Bitcoin) and ensure it does not end up in wrong hands, which can spoil our youth.”

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: PM @narendramodi

— PMO India (@PMOIndia) November 18, 2021

The Sydney Dialogue is now in full swing. Stay tuned to find out other participants’ takes on crypto, as well as what they come to in the end!

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