India wants consensus on crypto regulation among G20 members this year

India is aiming to carry G20 members to a consensus on the roadmap for regulating digital property inside this 12 months, the Financial Instances of India reported on Feb. 2.

India not too long ago grew to become the G20 president in December.

In an interview with the Press Belief of India, Division of Financial Affairs secretary Ajay Seth mentioned {that a} paper is being drafted for a seminar to be held on Feb. 23. The goal of the seminar, which will probably be held on the sidelines of the G20 finance ministers and central financial institution chiefs, is for the G20 members to achieve a consensus on the coverage stance on cryptocurrencies.

The seminar is being organized after G20 members mentioned an Worldwide Financial Fund paper on crypto property final month.

Seth mentioned:

“We’re additionally working with the FSB [Financial Stability Board] and the thought is that in India’s presidency not less than the coverage stance to crypto property, in addition to the roadmap for regulation, is broadly agreed upon among the many G-20 members.”

Indian prime minister Narendra Modi, in addition to finance minister Nirmala Sitharaman, have each known as for world cooperation in regulating cryptocurrencies previously.

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