Prime Minister Narendra Modi has said all democratic nations must work together on cryptocurrency and ensure that it doesn't end up in the wrong hands.

"It is important that all democratic nations work together on this and ensure it does not end up in wrong hands, which can spoil our youth," PM Modi said, delivering a keynote address at The Sydney Dialogue on the theme "India's technology evolution and revolution".

The Sydney Dialogue is an initiative of the Australian Strategic Policy Institute.

In a virtual address at the Sydney Dialogue, Modi said the digital age is changing everything as it has redefined politics, economies and societies and has raised new questions on sovereignty, governance, ethics, rights and security..

'In India, we have created a robust framework of data protection, privacy and security,' Mr. Modi said.