On World Economic Forum DAVOS Meet PM Narendra Modi Raised Concerns Over Cryptos

Appetizers

  • The World Economic Forum’s Davos Agenda will be organise from January 17 to 21.
  • Several heads of state will be there to speak during the occasion.
  • Top industry executives will also be in attendance at the event.

Mentioning the issues confronting nations throughout the world are growing, Prime Minister Narendra Modi used Bitcoin as an example, saying that the technology linked with it will render decisions made by one country insufficient to address challenges.

“Today, at the start of 2022, when we’re brainstorming at Davos, India also sees it as its job to be cognizant of certain additional issues”. With the changing global order, the issues we’ve been confronting as a worldwide family have grown as well. To combat these threats, every country and global agency must take coordinated and coordinated action.

PM Modi Also Stated About Few Other Things

Supply chain interruptions, inflation, and climate change are just a few examples. Another example is a cryptocurrency,” PM Modi stated on Monday when electronically addressing the World Economic Forum’s (WEF) Davos Agenda.

“Given the type of technology it (cryptocurrency) is connected with, a single country’s actions will be insufficient to address its issues.” “We need to think in the same way,” he stated.

He also questioned if multilateral organisations are ready to deal with the emerging world order and problems.

“Given the current global scenario, the issue is whether multilateral institutions are prepared to deal with the new world order and its associated problems. The situation was different when these organisations were created, and it is different now. As a result, it is the obligation of every democratic country to prioritise changes in these institutions in order for them to be effective in dealing with today’s and tomorrow’s difficulties”, he stated

“I am confident that there will be a healthy discourse in this direction during the Davos meetings,” he continued.

Governor of Telangana Dr Tamilisai Soundararajan summarized the key points from the DAVOS meet and concluded it on Twitter.

The World Economic Forum’s Davos Agenda will be organise from January 17 to 21. Several heads of state will be there to speak during the occasion. Top corporate executives, international organisations, and civil society representatives will attend the event, which will focus on major concerns facing the globe today and how to overcome them.

Prime Minister Narendra Modi has previously called for a concerted effort to establish global regulations for new technologies like social media and cryptocurrencies, so that they may be used to “empower democracy rather than destroy it.”

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