G20 to deliberate on regulating crypto currencies: Sitharaman

Finance Minister Nirmala Sitharaman on Saturday said the issue of regulating crypto assets will be taken up at G20 meetings as a collective view has to be formed on the matter.

“Crypto is heavily tech led and less of human intervention. We are talking to all nations that if regulation has to be framed then one country cannot frame it alone. So we are speaking to all for forming a Standard Operating Procedure (SOP) so that it is effective.

“So all these are part of discussion. The process of discussion is on in G20,” Sitharaman told reporters post her address to the RBI board here.