Under India’s Group of 20 (G20) presidency, active discussions around establishing a global framework for cryptocurrencies are underway, India’s Minister of Finance, Nirmala Sitharaman, said.
On Aug. 28, Indian Prime Minister Narendra Modi pushed for global collaboration on formulating crypto regulations among G20 member states, which include 19 countries and the European Union. Modi believes that emerging technologies — like cryptocurrencies — with a global impact should be accompanied by regulations and a framework that is adhered to globally.