The G20 — an intergovernmental forum comprising 19 countries and the European Union — has planned to develop a common framework for helping all countries deal with risks associated with cryptocurrency investments.
Under India’s presidency, the G20 called for coordinated global crypto policies — a vision put forth by the country’s finance minister, Nirmala Sitharaman. However, with multiple ecosystem collapses impacting investors worldwide, Sitharaman believes disparate reforms will not help address the global reach of cryptocurrencies.