India has always stated that it needs international efforts to address the problems caused by cryptocurrencies like bitcoin.
Indian Finance Minister Nirmala Sitharaman attended the press conference in Washington, USA for the 2023 spring meeting.
Where each of the World Bank Group and International Monetary Fund member states should have new regulations regarding cryptoassets.
I am happy to say that all G20 members are increasingly accepting that any action against cryptocurrency must be international.
I think the G20 has responded very quickly to, Sitharaman told reporters at a press conference after the G20 finance ministers and ministerial meeting at the central bank.
Sitharaman told reporters at a press conference after the G20 finance ministers and ministerial meeting at the central bank.
The G20 and its members agree that it is not possible for independent countries to deal with crypto assets, the official said.
Sitharaman told reporters that the organization had responded to the problem. The report on cryptocurrency-related issues will be presented during India’s G20 presidency.
India protested that it wanted the world to work towards solving the problems caused by cryptocurrencies like Bitcoin and money.
In early February, Sitharaman said, We are in the research process to have a discussion on education. The International Monetary Fund (IMF) and Financial Stability Board (FSB) are doing some work and making progress on cryptocurrencies.