HomeLegal & RegulationTerrorists using crypto: PM Modi calls for global framework

Terrorists using crypto: PM Modi calls for global framework

“India will be a developed nation by 2047. Corruption, casteism and communalism will have no place in our national life,” Prime Minister Narendra Modi said in an interview with PTI on September 3, ahead of the G20 summit in the national capital. The summit is scheduled for 9-10 September.

Stating that Cyberspace has introduced an entirely new dimension to battle against illicit financial activities and terrorism, the Prime Minister said, “Terrorists using darknet, metaverse, cryptocurrency to fulfil nefarious aims can have implications for social fabric of nations. Fake news and deep fakes can cause chaos and loss of credibility of news sources, this can also fuel social unrest. Global cooperation in fighting cyber crimes is not just desirable but inevitable.”

Last week, speaking at B20 summit, he suggested for a global framework for crypto and AI.

Crypto was also a point of discussion during a meeting of Finance Ministers and Central Bank Governors of G20 nations. India is actively working toward achieving a policy consensus on crypto assets to help establish a global regulatory framework.

On August 1, India also put out a G20 presidency note with its input on the proposed crypto framework


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