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India Aims to Develop Crypto SOPs During G20 Presidency
Summary: According to Cointelegraph, the finance minister of India, Nirmala Sitharaman, has announced India’s plan to develop standard operating procedures for cryptocurrencies during its Group of Twenty (G20) presidency, effective from Dec. 1, 2022, to Nov. 30, 2023. Sitharaman previously called for global collaboration in regulating crypto, and warned against crypto adoption practices, citing financial instability. ...
According to Cointelegraph, the finance minister of India, Nirmala Sitharaman, has announced India’s plan to develop standard operating procedures for cryptocurrencies during its Group of Twenty (G20) presidency, effective from Dec. 1, 2022, to Nov. 30, 2023.
Sitharaman previously called for global collaboration in regulating crypto, and warned against crypto adoption practices, citing financial instability. However, “[Crypto] will also be part of India’s [agenda during the G20 presidency],” she told local Indian reporters on Oct. 15.
The G20 is a global forum for addressing major global economic issues.
Sitharaman added that members of the G20 share her concerns, as well as agree with the need for global collaboration on crypto regulation.
Author: Katie Lin
Tags: Central Bank Digital Currency,Crypto,G20,India,Nirmala Sitharaman,presidency,Reserve Bank Of India,standard operating procedures
Link: India Aims to Develop Crypto SOPs During G20 Presidency [Copy]
