Bitcoin could 'spoil' young Indians: PM Narendra Modi warns ahead of cryptocurrency regulations

Prime Minister Narendra Modi on Thursday, November 18, 2021, warned that bitcoin presents a risk to younger generations, sounding a hawkish tone as his government prepares to introduce legislation to regulate cryptocurrencies.Speaking at an online cybersecurity forum, Modi framed virtual money -- which is highly popular in India and exists beyond state and central bank control -- as a domain that needs to be closely policed.