G20 wants to build policy consensus on crypto assets, says Ajay Seth

BENGALURU (Reuters) – The Group of 20 (G20) countries are striving to build a policy consensus on crypto assets to inform better global regulation, India’s federal economic affairs secretary Ajay Seth said on Wednesday.

India, which currently holds the G20 presidency, is hosting the group’s first meeting of finance and central bank deputies on Dec. 13-15 in Bengaluru.

The implications of crypto assets for the economy, monetary policy and the banking sector should be studied to inform this consensus, Seth said at a news conference on the second day of the forum.

“The regulation should flow from the policy view taken. In fact, one of the priorities which have been put on the table is to help countries build a consensus for policy approach to the crypto assets,” he said.