Indian Finance Minister Nirmala Sitharaman stated that the G20 is conducting joint research on the regulation of cryptocurrencies.
The collapses and losses of cryptocurrencies have prompted many countries to act on crypto regulations. Finally, the bankruptcy of FTX and the crypto collapse that took place last year were effective in this regard. One of the main agendas of the crypto industry has been crypto regulations. In this context, Indian Finance Minister Nirmala SitharamanHe underlined that the G20 is acting jointly on crypto regulations.
G20 Explores Crypto Regulations
ReutersAccording to a report by Indian Finance Minister Nirmala Sitharaman, G20He stated that .
India this year G20head of Sitharaman, G20He noted that the major economies, described as the coin, are collectively conducting research on the regulation of cryptocurrencies.
Sitharaman made a press statement after meeting with central bank executives in New Delhi. Minister, “We are talking to all nations, if it requires regulation, then one country alone cannot do anything.”said.
Moreover, Indian Prime Minister Narendra Modi had taken drastic steps to ban and suppress cryptocurrencies in the country. However, this move of Modi, did not accompany a definitive conclusion.
