India aims to agree on a roadmap for regulating digital assets at this year’s G20 summit. India recently assumed the G20 chair in December.
Ajay Seth, Secretary of the Ministry of Economy, said they are preparing for a panel discussion, which will be held on the sidelines of the G20 finance ministers and central bank governors meeting on February 23. The purpose of the meeting is for G20 members to reach a consensus policy stance on cryptocurrencies.
The group meeting came after G20 members discussed an IMF paper on crypto assets last month.
“We are also working with the FSB with the idea that at least the policy stance on cryptoassets and the regulatory roadmap is adopted by the G20 members during India’s presidency. Broad consensus.”
Indian Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman have both called for global cooperation to regulate cryptocurrencies.
- India is likely to loosen regulations on cryptocurrencies
- RBI Governor: Cryptocurrencies are Gambling and Should Be Banned
According to Cryptoslate