Regulating crypto without global consensus will not be effective: FM Nirmala Sitharaman

Underlining that global consensus is necessary for regulation of crypto, before India makes any move on it, Union Finance Minister Nirmala Sitharaman on Sunday said a global template may have to be created, and everyone will have to work together on it, otherwise regulating it will not be effective.

The Minister, however, said it does not mean controlling of ‘distributed ledger technology’, which has its goodness and potential.
“The G20 of which the India is currently holding the Presidency, it was India’s proposal and it has been taken on board, I’m glad that the G20 has kept it in its agenda for this year,