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PM Narendra Modi: Blockchain Will Boost India’s Growth

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Thu, 11/10/2018 - 15:05
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PM Narendra Modi: Blockchain Will Boost India’s Growth
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India’s Prime Minister Narendra Modi has recently stated that Blockchain, along with other state-of-the-art technologies (AI, big data, IoT and machine learning) will serve as a catalyst for the country’s growth, Times of India reports. While many fear that rapid technological progress will kill their jobs, Modi is certain that the upcoming fourth industrial revolution will actually create even more opportunities. India, according to Modi, is on track to become a global tech hub.

Still, the Reserve Bank of India (RBI) is yet to lift its infamous crypto ban. Back in September, Zebpay, one of the leading local platforms for trading digital assets, halted its exchange services due to the ongoing crackdown on cryptocurrencies.
 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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