India wants consensus on crypto regulation among G20 members this year

India aims to gain consensus among G20 members on roadmap for regulating digital assets this year, Economic Times of India report February 2.

India recently assumed the presidency of the G20 in December.

In an interview with India’s Press Trust, Economy Minister Ajay Seth said a paper was being drafted for a seminar to be held on February 23. G20 finance ministers and central bank governors seeks G20 members to reach consensus on their policy stance on cryptocurrencies.

The seminar is organized after G20 members discussed an International Monetary Fund paper on crypto assets last month.

Seth said:

“We are also cooperating with the FSB [Financial Stability Board] And the idea is that at least the policy stance and regulatory roadmap for crypto-assets will be broadly agreed among G20 members during India’s presidency. “

Indian Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman have called for global cooperation in regulating cryptocurrencies in the past.

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