01-01-1970 12:00 AM | Source: Reuters
India says G20 members see need for global crypto regulations
News By Tags | #7031 #248 #252 #2641 #2448

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

Indian Finance Minister Nirmala Sitharaman said on Thursday there was a greater acceptance among Group of 20 member countries that any new regulations on the crypto assets need to be globally coordinated, and said crypto assets not backed by central banks can fall and cause macroeconomic instability.

"The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets," Sitharaman told a news conference after a meeting of G20 finance ministers and central bank governors.