India needs consensus on crypto regulation amongst G20 members this 12 months

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

India not too long ago turned the G20 president in December.

In an interview with the Press Belief of India, Division of Financial Affairs secretary Ajay Seth stated {that a} paper is being drafted for a seminar to be held on Feb. 23. The intention of the seminar, which might 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 stated:

“We’re additionally working with the FSB [Financial Stability Board] and the concept is that in India’s presidency at the least the coverage stance to crypto property, in addition to the roadmap for regulation, is broadly agreed upon among the many G-20 members.”

Journalist at CryptoSlate

Monika began studying about crypto in 2020 and went deeper and deeper down the rabbit gap. Whereas she is at all times skeptical of latest initiatives, she earnestly believes blockchain and the crypto trade can relieve a few of our time’s most urgent issues, together with monetary inequality and transparency. She is a voracious reader, and her fondness for meals solely rivals her love for books.