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G20 President India Says Talks Are Underway For A Global Framework On Crypto Rules

India’s Finance Minister Nirmala Sitharaman speaks during a news conference after a meeting of G20 finance ministers and central bank governors in Gandhinagar, India, July 18, 2023. REUTERS/Amit Dave/Photo archive Purchase license rights

MUMBAI, Sept 5 (Reuters) – Discussions are underway on a global framework to regulate crypto assets, India’s finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the cooperation of all countries.

“India’s (G20) presidency has brought to the table key issues related to regulation or understanding that there should be a framework to handle issues related to crypto assets,” Nirmala Sitharaman said at an event in India’s financial capital. Mumbai.

“Active discussions are taking place.”

Reporting by Swati Bhat, Siddhi Nayak; Written by Shivam Patel

Our standards: The Thomson Reuters Trust Principles.

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