India explains need for tougher oversight of digital currencies ...News

PM Narendra Modi warned an international forum that cryptocurrencies were being used to fund terrorism India’s Prime Minister Narendra Modi has called for tighter regulation of digital currencies in order to prevent them from being used to finance terrorist groups. Speaking at the No Money for Terror Ministerial Conference on Counter-Terrorism Financing in New Delhi on Friday, Modi warned that “private currencies” presented a major security risk.  “New kinds of technology are being used for terror funding and recruitment,” he said, explaining that “challenges from the dark net, private currencies and more are emer

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