Cryptocurrency regulation at the G20

Indian Finance Minister Sitharaman said that cryptocurrency regulation will be a priority for the G20 presidency. Sitharaman emphasized that cryptocurrencies should be encouraged to understand how to regulate the assets they hold.

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India’s Finance Minister Nirmala Sitharaman said building crypto assets will be one of eight priorities still being worked on by the country’s year-long G20 presidency, which will begin in a speech at a think-tank event next month.

G20 regulatory focus on cryptocurrencies

Sitharaman has previously mentioned that cryptocurrencies will be on the agenda of the G20 presidency. For the first time, however, he said it would be one of his clear priorities. He delivered a keynote speech at the annual event of the G20 conference organized by the Council for Research on International Economic Relations (ICRIER) in India.

Sitharaman said that we should encourage the IMF (International Monetary Fund), FSB (Financial Stability Board), OECD (Organization for Economic Cooperation and Development) and others to understand how crypto assets are regulated in all countries.

On this issue, Sitharaman said:

“No country can succeed alone, in silos, trying to regulate crypto assets”

Also, he said, India has no plans yet, referring to legislation for crypto, and we need to first get all members of the G20 to see how we can do it best.

Source of information: Compiled from COINKOLIK by 0x information.The copyright belongs to the author and may not be reproduced without permission

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