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
139
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?
Market
Analysts see this as a sign of a future bull market
May 26, 2023
Technologies
#USD is issued based on the Ordinals protocol and is backed by US dollars
May 26, 2023
Market
The platforms currently support operations with a limited number of digital assets
May 26, 2023
Market
The company’s CEO said that hardware wallet makers “should, at no stage, make the seed phrase accessible to anyone but the user”
May 26, 2023
Incidents
In this, he had already remitted the entire amount of bail to the court of first instance
May 25, 2023
Trends
The current rate is 3,36% per annum, and the loan-to-value varies from 40% to 60%
May 25, 2023