G20 agrees that actions on Crypto have to be Global

In Washington, Apr 14 (PTI), Members of the G20 agreed that a globally coordinated understanding would be required to deal with the challenges posed by crypto assets and regulate them, Union Finance Minister Nirmala Sitharaman has said.

The grouping has responded to the issue with Ialacrity, and during India’s presidency of the G20, a “synthesis paper” will be taken up on matters related to crypto assets, the minister told a press conference here on Thursday.

I am glad to say that there is a greater acceptance among all G20 members that any action on crypto assets will have to be global,” Sitharaman added; the G20, I think, has responded fairly enthusiastically (on the crypto challenge),” she said.