India’s Modi says digital currencies being used to fund terror

Published by
The Citizen

New Delhi. Digital currencies need more regulation to stamp out funding for terror operations, India’s Prime Minister Narendra Modi said Friday at a major international forum to combat financing of extremist groups. India has laboured to rein in cryptocurrency transactions after years of phenomenal growth, backed by burgeoning local trading platforms and glitzy celebrity endorsements. Modi last year said that bitcoin presented a risk to younger generations and could “spoil our youth” if it ended up “in the wrong hands”. On Friday, he went further and told delegates at the Conference on Counter…

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