In the recent B20 summit in India 2023, Prime Minister Narendra Modi announced a Global Framework in Crypto and the Ethical use of AI.
Prime Minister Narendra Modi ordered the cabinet minister and the sector regulator of the Reserve Bank of India (RBI) to take action on Crypto. PM Modi also proposed to ban cryptocurrency trade in India.
Crypto also was targeted in many discussions during a meeting of the Finance Minister and Central Bank Governors of G20 nations. India is actively trying to achieve crypto assets into a Global regulatory framework and a similar approach policy is also needed for AI.
At the B20 summit in India in 2023 the Prime Minister said,
There is a challenge associated with cryptocurrencies. In this matter, a maximum integrated approach is needed. I think there is a need for preparing a global framework that should take care of the interests of all stakeholders.
In the B20 summit India 2023, Vice chairman and president of Microsoft, Brad Smith commented about the future of AI and the role of India in it. He said that India would be a main player in shaping the future with AI.
PM Narendra Modi declares an urgent ethical AI development, particularly ChatGPT like ganarative AI. PM Modi wants to create multiple Global forums regarding AI development.
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