PM Modi says ''Cryptocurrency challenges need similar mindset among countries" in Davos
PM Narendra Modi said about Cryptocurrency as it is a challenge that needs global collaboration to deal with such challenges.
During the World Economic Forum addressing, the Prime Minister of India made a speech and said about cryptocurrency as a challenge that needs a similar mindset among countries.
Highlighted Facts
- World Economic Forum Agenda will be held from 17 to 21 in Davos.
- Several heads of various states will address the event in Davos.
- In the event, top industry leaders will also join it and mark their presence as a giant contributor to the economy.
Read More: Cryptocurrencies Banned? In Pakistan, Central Bank Looks to Ban: Report
Digital currency is facing huge restrictions and a curb as recently Pakistan talked about the ban of cryptocurrency. Now the PM of India Modi in Davos while addressing the WEF said that cryptocurrency is such a ‘challenge that will not individually washout, also said that this challenge needs a similar mindset and collaboration to deal with it.
“Today, at the beginning of 2022, when we are doing this brainstorming in Davos, India also considers its responsibility for awareness of some more challenges. Today with the change in the global order, the challenges we have been facing as a global family are also increasing. To counter these, there is a need for collective and synchronised action by every country, every global agency. Another example is a cryptocurrency,” Narendra Modi said in Davos While addressing the World Economic Forum 2022. The agenda was held virtually and PM said these words on Monday.
“The kind of technology it (cryptocurrency) is associated with, the decision taken by a single country will be insufficient to deal with its challenges. We need to have a similar mindset,” also added in his speech.
“Seeing the global situation today, the question is also if multilateral organization is prepare to deal with the new order and new challenges. When this organization was formed, the situation was different, today the situation is different. Therefore it is the responsibility of every democratic country to emphasize reform in this institution so that they can be more effective to deal with the challenges of today and tomorrow,” PM added in his speech on Monday virtually.
He also said, “I am sure there will be a positive dialogue in this direction in the discussion in Davos.”
The World Economic Forum agenda is going to be continued till 21 and started on 17 Jan, many great industrialists will attend the agenda and will address the agenda. The agenda will be joined by many world leaders including their industrialists and will share the issue they and the economy are facing and will address them in Davos
