India G20 confirms ‘lively discussions’ round world crypto framework

Underneath India’s Group of 20 (G20) presidency, lively discussions round establishing a worldwide framework for cryptocurrencies are underway, India’s Minister of Finance, Nirmala Sitharaman, mentioned.

On Aug. 28, Indian Prime Minister Narendra Modi pushed for world collaboration on formulating crypto rules amongst G20 member states, which embody 19 international locations and the European Union. Modi believes that rising applied sciences — like cryptocurrencies — with a worldwide affect needs to be accompanied by rules and a framework that’s adhered to globally.

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