'Ads should not mislead youth': PM Modi chairs meeting on cryptocurrencies

The meeting was an outcome of a consultative process between the RBI, finance ministry, and the home ministry

Prime Minister Narendra Modi on Saturday chaired a meeting related to cryptocurrency and their future in India, where there was a consensus that the crypto platforms are misleading the youth of the country and their non-transparent advertisements should be stopped, according to government sources. 

The government will also engage in global partnerships to chalk out global strategies to meet the challenge of private, unregulated cryptocurrencies, sources said. 

Reserve Bank of India (RBI) Governor Shaktikanta Das and Securities and Exchange Board of India (Sebi) chairperson Ajay Tyagi were present physically at the meeting held in New Delhi. The Cryptocurrency Bill is