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Speaking via videoconference at the World Economic Forum event in Davos, Indian Prime Minister Narendra Modi called on other countries to develop a unified approach to regulating cryptocurrencies.
He believes that due to the nature of the technology behind cryptocurrencies, a single country will not be able to solve the problems inherent in a rapidly growing industry.
As you know, the Indian government was supposed to pass new rules for cryptocurrencies at the end of 2021, but the long-awaited bill was not presented during the winter session.
Realizing that regardless of the position of the government, the crypto industry is developing and the number of investors is growing, the country’s authorities promised to find a reasonable balance between the green light for innovation and the protection of the financial system and the interests of investors.
Meanwhile, representatives of the local industry are already ready to launch a futures ETF for bitcoins and ethereum.
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