India calls for global cooperation in the crypto sphere
The country’s government is trying to strengthen its position in the field of digital assets regulation

18.01.2022 - 09:45
428
1 min
0
What’s new? Indian Prime Minister Narendra Modi spoke at a conference in Davos, where he urged other states to cooperate in controlling cryptocurrencies. This decision is made by the authorities because of the Central Bank’s opposition, which opposes the recognition of digital assets.
Recording of the Davos conference
What did Modi say at the conference? The Prime Minister of India believes that the states need to develop a unified system to monitor and share data on the movement of the funds in cryptocurrencies. This will help fight money laundering and terrorist financing more effectively. Modi added:
“Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every global agency needs to have collective and synchronized action.”
At the moment, India is drafting rules to regulate the crypto market, but the country's Central Bank opposes the government by not wanting to accept digital assets.
Useful material?
Incidents
The initiative aims to combat the fentanyl addiction epidemic
May 23, 2025
Market
Previously, the Chicago Mercantile Exchange launched a similar instrument
May 22, 2025
Technologies
The proposed improvement would allow nodes to not store the entire history of the underlying blockchain
May 19, 2025
Market
The criminal funds were moving on the Ethereum and TRON networks
May 16, 2025
Crypto regulations
The official also noted that mining companies can play a key role in modernizing the country’s energy infrastructure
May 14, 2025
Market
The exchange’s daily volume surpasses the $3 billion mark
May 12, 2025