Any action on crypto assets will have to be global: Nirmala Sitharaman

WASHINGTON: Union finance minister Nirmala Sitharaman on Thursday said that there was a greater acceptance among Group of 20 (G20) member countries that any new regulations on the crypto assets need to be globally coordinated.

“I am glad to say that there is a greater acceptance among all G20 members, that any action on crypto assets will have to be global. “the G20, I think, has responded fairly with alacrity (on the crypto challenge),” Sitharaman told reporters at a news conference after a meeting of G20 finance ministers and central bank governors.

“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,” the minister added.