This Article is From Apr 14, 2023

India Says G20 Members See Need For Global Crypto Regulations

The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets, Finance Minister Nirmala Sitharaman.

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India News
Washington:

Indian Finance Minister Nirmala Sitharaman said on Thursday there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated, and said crypto assets not backed by central banks can fall and cause macroeconomic instability.

"The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets," Sitharaman told a news conference after a meeting of G20 finance ministers and central bank governors.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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