The post Cryptocurrency Will Be Part of India’s Agenda During G20 Presidency Confirms Indian Finance Minister appeared first on Coinpedia Fintech News
India’s plan to create standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, which runs from December 1, 2022, to November 30, 2023, was made public by Nirmala Sitharaman, the country’s finance minister.
On October 15, she stated in response to questions from local Indian reporters, “That (crypto) will also be part of India’s thing (agenda during G20 presidency).”
No nation can manage or regulate cryptocurrency efficiently on its own, claims Sitharaman.
She also brought up the Enforcement Directorate, an Indian law enforcement organisation, which has discovered the usage of cryptocurrency assets in money laundering.
She continued by saying that the G20 members shared the same worries and emphasised the importance of having all nations participate in the effective regulation of crypto assets.