Discussions on global framework to regulate crypto underway: FM Sitharaman

Discussions on a global framework to regulate crypto assets are underway, Finance Minister Nirmala Sitharaman said at the Global Fintech Fest 2023 in Mumbai on Tuesday. She added that cryptocurrencies can not be regulated efficiently without the cooperation of all countries.

“India’s (G20) presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets,” Sitharaman said, as reported by news agency Reuters. “Active discussions are happening.”