On Thursday, November 18, 2021, Indian Prime Minister Narendra Modi issued a stern warning that Bitcoin poses a threat to younger generations, adopting a combative tone as his government prepares to propose regulation laws for cryptocurrencies.
While speaking at an online cybersecurity symposium hosted by the Australian Strategic Policy Institute, Prime Minister Modi described digital currencies in India that operate beyond the purview of the government and central bank as an area that requires constant supervision.
Regarding cryptocurrencies and Bitcoin, he stated;
“It is important that all democratic nations work together on this and ensure it does not end up in the wrong hands, which can spoil our youths.”
