India wants consensus on crypto regulation among G20 members this year

1 year ago

India is aiming to bring G20 members to a statement connected the roadmap for regulating integer assets wrong this year, the Economic Times of India reported connected Feb. 2.

India precocious became the G20 president successful December.

In an interrogation with the Press Trust of India, Department of Economic Affairs caput Ajay Seth said that a insubstantial is being drafted for a seminar to beryllium held connected Feb. 23. The purpose of the seminar, which volition beryllium held connected the sidelines of the G20 concern ministers and cardinal slope chiefs, is for the G20 members to scope a statement connected the argumentation stance connected cryptocurrencies.

The seminar is being organized aft G20 members discussed an International Monetary Fund insubstantial connected crypto assets past month.

Seth said:

“We are besides moving with the FSB [Financial Stability Board] and the thought is that during India’s presidency astatine slightest the argumentation stance to crypto assets, arsenic good arsenic the roadmap for regulation, is broadly agreed upon among the G-20 members.”

Indian premier curate Narendra Modi, arsenic good arsenic concern curate Nirmala Sitharaman, person some called for planetary practice successful regulating cryptocurrencies successful the past.

The station India wants statement connected crypto regularisation among G20 members this year appeared archetypal connected CryptoSlate.

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