India’s Prime Minister Narendra Modi called for a global framework on cryptocurrency, artificial intelligence, and other emerging technologies. “Not only crypto, but all emerging technologies need a global framework and regulations,” he replied. Emerging technologies also draws under its umbrella AI, especially as experts and authorities around the world continue to decry the possible threats it poses. According to its website, it represents roughly 85% of the global GDP, over 75% of global trade, and around two-thirds of the world’s population. The governor of the Central Bank of India has stated crypto is a “big threat” to the global financial system, along with stiff tax impositions on crypto income.

Source: The Nation August 29, 2023 10:04 UTC