India is not only using AI to target voters through language translations, but it will also use it to create deepfake videos and conversational bots, raising concerns over the misuse of the tech.
In an X post, OKX asked Indian users to close all their margin positions and positions in perpetuals, futures, and options and withdraw funds from their accounts by April 30.
Nirmala Sitharaman remained silent on requests to lower taxes as she presented the Budget 2024-25 on February 1, while India's Web3 industry hopes the new gov't will address their concerns by July.
As India warms up to blockchain with the federal government emphasizing its benefits, its Web3 industry experts expect more banks and financial institutions to utilize the technology in 2024.
India's richest man, Mukesh Ambani, recently said his Reliance Industries would complete AI transformation in 2024, boosting hope for faster adoption and bigger investments in the sector.
India's budget will be presented on February 1, and the Web3 industry hopes for better regulations for virtual digital assets and dedicated funds from the government for indigenous blockchain projects.
India has strived to become a robust economy, and as it prepares to celebrate its 100th Independence Day, the country is now pushing to become a major player in the global blockchain sector.
