G20 Nations To Discuss Crypto Regulations Under India’s G20 Presidency

Leaders of the G20 nations are set to discuss crucial topics impacting the global economy, financial system, and relations between countries in the G20 meetings in Washington, DC. Indian Finance Minister Nirmala Sitharaman on Tuesday said crypto is an important part of the discussion under India’s G20 presidency.

Finance Minister Nirmala Sitharaman reasserts that India’s G20 presidency aims to develop a common framework for all countries to deal with risks associated with cryptocurrencies. Earlier in February, Nirmala Sitharaman said that India is in discussion with other G20 nations to plan a common regulatory framework for crypto regulation.

“Given so many collapses and shocks in cryptocurrencies. We seek to develop a common framework for all countries to deal with this matter,” said Nirmala Sitharaman in a roundtable meeting on the ‘Investment opportunities for the long term: India on the Rise’ with business leaders and investors in Washington, D.C.

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On Tuesday, the Finance Minister will hold a high-level meeting with US Treasury Secretary Janet Yellen to discuss topics of mutual interest.

In addition, India will co-chair the Global Sovereign Debt Roundtable with the International Monetary Fund and the World Bank on April 12. The focus of this meeting will be on the current global debt landscape and methods to manage existing challenges in debt restructuring.

On April 14, 2023, a high-level seminar on “Macro-financial implications of Crypto assets” will be held to review the macro-financial implications of crypto assets and discuss policies to leverage benefits and contain risks.

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