Crypto Regulation To Be Taken Up At G20 Meeting

Nirmala Sitharaman, Finance Minister said “We have not come out with any plan to regulate digital assets.”

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Adding to this she specified, “The agenda of cryptocurrency regulation will be brought in G20 Meeting”.

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Speaking at ICREIR's 14th Annual G20 International Conference, Sitharaman said that no single country can regulate cryptocurrencies that remain in silos.

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She stated that “You don’t know what the trail leads you to. So that regulation cannot be successful if any one country does it.”

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This is why they are bringing all the members of the G20 on board to see how best it can be done.

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The impact on middle-income countries is a key topic of the G20 presidency.

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She detailed that pandemic has exacerbated debt situations in some countries & they need to rekindle the debate on the Sustainable Development Goals.

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