Indian crypto companies welcome crypto push at G20, expect clear framework

The G-20 deliberation on crypto and India’s stand to work with global consensus has sent positive cheer within the Indian crypto industry.

Crypto companies have expressed an effective and pragmatic framework in place to regulate the crypto ecosystem in India. What has sent cheer among the industry is the recommendation by the IMF-FSB that a blanket ban on crypto assets can be costly and demanding to enforce.

“One of the industry’s key expectations is that the Centre will engage with a range of stakeholders, from crypto companies and experts to the general public, to ensure that the regulations are in the Goldilocks zone – both effective and pragmatic.