- Crypto can be used to empower democracy, according to India Prime Minister.
- He said this in a virtual event virtual summit hosted by US President Joe Biden.
- Modi’s statement comes a few days after hackers compromised his Twitter (NYSE:TWTR) account for a Bitcoin scam.
No one should sabotage cryptocurrency because it can be used to empower democracy, according to India Prime Minister Modi. He said that if we enable crypto in a democratized governance, it can unfold a smooth-running of a country.
Modi made this stunning statement in a virtual summit program hosted by US President Joe Biden.
By working together, democracies can meet the aspirations of our citizens and celebrate the democratic spirit of humanity.
Meanwhile, Modi’s proactive report comes a few days after hackers compromised his Twitter account for a Bitcoin scam activity. Through the account, the hackers shared misleading information of redistribution of 500 BTC and mainstream adoption of Bitcoin in India.
Upon invading Modi’s account that has over 73.4 million followers, the hacker forcefully declared publicly that India has now legalized Bitcoin as a legal tender for all the to-and-fro of transactions as part of its native rupee. The incident happened at 4:00 PM ET.
Announcing the incident, one Twitter user Priya is among the key people who sharply took the news on their Twitter page.
Bitcoin scammers declare the cryptocurrency as India’s legal tender. pic.twitter.com/uTe1R7XUWZ— Priya (@supesuonna) December 11, 2021
Through the unlawful act, the intruders included a link that asked investors to sign up and claim their share of BTC. This is the second time that Modi’s Twitter account has been hacked for a crypto scam. At the moment, the Mod’s account has been secured safely by Twitter to prevent any further hack.