Talks underway for global framework on crypto rules, says Finance Minister Sitharaman

Sitharaman further said that cryptocurrency could not be regulate without the support of other countries and that there should be a regulated framework to handle crypto assets.

India's Finance Minister Nirmala Sitharaman speaks at the Global Fintech Fest in Mumbai | Reuters

Mumbai: 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 co-operation of all countries.

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

“Active discussions are happening.”

 

(Reporting by Swati Bhat, Siddhi Nayak; Writing by Shivam Patel)

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