{"id":368913,"date":"2021-11-18T13:05:59","date_gmt":"2021-11-18T10:05:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/indian-pm-urges-democratic-countries-to-collaborate-on-cryptocurrencies\/"},"modified":"2021-11-18T13:05:59","modified_gmt":"2021-11-18T10:05:59","slug":"indian-pm-urges-democratic-countries-to-collaborate-on-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/indian-pm-urges-democratic-countries-to-collaborate-on-cryptocurrencies\/","title":{"rendered":"# Indian PM urges democratic countries to collaborate on cryptocurrencies"},"content":{"rendered":"<p>&#8220;<strong># Indian PM urges democratic countries to collaborate on cryptocurrencies <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMzMxNTM3YTctZjZhNS00NjkzLWE5MDQtMDAwYzNiODZiYWVjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>India <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be taking a progressive stance on Bitcoin (BTC). Especially given the fact that the country is attempting to reach a uniform viewpoint on the categorization and legality of this new asset class.<\/p>\n<p>Amid a slew of cabinet meetings, industry debriefings and mounting banking issues, the country&#8217;s prime minister has grown increasingly vocal about cryptocurrencies.<\/p>\n<p>At the Sydney Dialogue, Prime Minister Narendra Modi\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/narendramodi\/status\/1461213526421295104\">called<\/a> for democratic countries to work together to get the most out of cryptocurrencies and blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. He also stated that they should not be used for unethical purposes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Take crypto-currency or bitcoin for example. <\/p>\n<p>It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth: PM <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/narendramodi?ref_src=twsrc%5Etfw\">@narendramodi<\/a><\/p>\n<p>\u2014 PMO India (@PMOIndia) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PMOIndia\/status\/1461180904643072003?ref_src=twsrc%5Etfw\">November 18, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nOn Monday, PM Modi spoke about cryptocurrencies in the context of money laundering and terror financing at a high-level meeting. The overall atmosphere around the meeting suggested that strong regulatory measures were on the way, albeit of a forward-looking and progressive nature.<\/p>\n<p>The Indian government has previously taken steps to establish a robust regulatory infrastructure for the fast-growing sector. It has had numerous high-level discussions, including one between the Central Bank (RBI), Finance Ministry, and Home Ministry, as well as crypto-experts and important industry participants from within and outside of India.<\/p>\n<p>Despite the objective viewpoint offered by some government ministers, RBI Governor Shaktikanta Das is still unconvinced. On Tuesday, the executive <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/indianexpress.com\/article\/opinion\/editorials\/cryptocurrency-concerns-shaktikanta-das-rbi-7628066\/\">restated<\/a> his stance that allowing crypto trading might jeopardize any financial system since they are not overseen by central banks.<\/p>\n<p><strong><em>Related:\u00a0India\u2019s top payment firm Paytm reportedly considers Bitcoin services<\/em><\/strong><\/p>\n<p>Despite the rise in popularity of cryptocurrencies in India, lawmakers are still divided over the need for a comprehensive regulatory system. A Bitcoin bill is expected to be presented before the Indian legislature during the next session. Many people are hoping that this will provide investors and organizations some peace and clarity.<\/p>\n<p>As reported by Cointelegraph, India plans to lower the Goods and Services Taxes (GST) on cryptocurrency exchanges from 18% to 1% through regulatory reclassification. Also, Peru&#8217;s central bank president recently stated that his country will join forces with India and two other nations to create its own central bank digital currency, even though crypto regulation is still hazy in India.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/indian-pm-urges-democratic-countries-to-collaborate-on-cryptocurrencies\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Indian PM urges democratic countries to collaborate on cryptocurrencies &#8221; India appears to be taking a progressive stance on Bitcoin (BTC). Especially given the fact that the country is attempting to reach a uniform viewpoint on the categorization and legality of this new asset class. Amid a slew of cabinet meetings, industry debriefings and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvMzMxNTM3YTctZjZhNS00NjkzLWE5MDQtMDAwYzNiODZiYWVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,88066,77310,90774,78031,74355,70934],"class_list":["post-368913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-in-india","tag-indian-crypto","tag-indian-government","tag-reserve-bank-of-india","tag-adoption","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368913"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368914"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}