Teflon Modi Defends Demonetization in India
On the eve of the New Year, the Indian Prime Minister Narendra Modi went on air to make an address to the nation, this would be his first televised speech after the Nov. 8, 2016, demonetization announcement. Mr. Modi is a Teflon coated slick politician who is both glib and prone to bouts of braggadocio. His televised appearances are the subject of many a Twitter joke and WhatsApp message, which act as a source of humor in times when many Indians are forced by his government to spend hours exchanging old notes for new and there isn’t much to feel cheerful about. They are also being harassed....
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The prime minister of India, Narendra Modi, has urged democratic countries to work together to ensure that cryptocurrency, particularly bitcoin, does not end up in the wrong hands. Meanwhile, the Modi government is working on a regulatory framework for cryptocurrencies in India.
India’s Prime Minister Modi on Bitcoin and Cryptocurrency
Indian Prime Minister Narendra Modi talked about cryptocurrency, specifically bitcoin, during his virtual keynote address at the Sydney Dialogue Wednesday.
He called on countries to work together to ensure that cryptocurrency....
Whether it is the election of Donald J Trump as the U.S. President or the Demonetization woes that are affecting India, the fastest growing economy in the world, no fiat currency is immune from geopolitical risk. Uncertainty about the road ahead leads to fluctuations and volatility. When fiat currencies come under pressure, it is only natural for people to look for alternatives. Gold has been one traditional hedge, but with the emergence of cryptocurrencies, people have more than just one or two options. Today they can look to a myriad of cryptocurrencies like Bitcoin and Ethereum and not....
Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India’s Prime Minister Narendra Modi reportedly chaired a very comprehensive meeting on cryptocurrency and related matters Saturday. ANI News reported, citing government sources: Today’s meeting chaired by PM Narendra Modi on the way forward for cryptocurrency....
How do you take the hatchet to one of the fastest growing economies in the world? Simple: Remove 86 percent of the circulating currency and call it an anti-corruption measure. Prime Minister Modi of India and his sidekick Urjit Patel, governor of the Reserve Bank Of India, seem to have gone ahead and done just that. Now that you don’t have any circulating cash, hey presto, you have a cashless economy. Welcome to the brave new India. Cashless economy ahoy! Indians are discovering that without their familiar Rs.500 and Rs.1000 banknotes that made up nearly 86 percent of all circulating cash,....
Over the course of the past few months, bitcoin use in India has been on the rise. During the first week of November Prime Minister Narendra Modi began a demonetization process removing high denomination rupee notes out of circulation. Since then the country has experienced a cash crisis and demand for bitcoin has grown exponentially. A Discussion With....