G20 consensus that regulations on crypto assets has to be global: FM Nirmala Sitharaman

Members of the G20 agree that a globally coordinated understanding would be required not only to deal with the challenges posed by crypto assets but also to regulate them, Union Finance Minister Nirmala Sitharaman has said. The grouping has responded to the issue with alacrity and during India’s presidency of the G20, a “synthesis paper” will be taken up on matters related to crypto assets, the minister told a press conference here on Thursday.