PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit Speaking at the
B20 Summit India 2023, organized by CII, Prime Minister Narendra Modi emphasized the need for a worldwide framework for cryptocurrencies and the ethical implementation
of artificial intelligence (AI).
Modi, addressing the summit,
which took place from August 25–27 in New Delhi, highlighted India's efforts to establish
a global Green Credit framework and urged industry leaders to adopt environmentally friendly practices
in their businesses.
Discussing critical issues like climate change,
the energy crisis, food supply imbalances, and water security, Modi stressed that these challenges significantly impact businesses and necessitate collaborative efforts
to address them effectively.
He recognized the swift pace of technological progress and urged us to accept and synchronize
these transformations rather than oppose them.
Modi noted the need for a comprehensive approach regarding cryptocurrencies, stating, "Now, there is a challenge related to cryptocurrencies. There is a need for a more and more integrated approach in this matter. I think a global framework should be created for this, in which all stakeholders are taken care of."
