India aims to develop crypto SOPs during G20 presidency, says finance minister

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Indian finance minister Nirmala Sitharaman confirms that crypto will be part of India's agenda as G20 president.

. However, speaking to local Indian reporters on Oct. 15, she confirmed,"That will also be part of India's thing ."

The G20, or Group of Twenty, is a global forum for addressing the major issues related to the global economy. According to Sitharaman, no country can alone effectively handle or regulate crypto, adding that: “But if it’s a question of platforms, trading of assets which have been created, buying and selling making profits and, more importantly in all, these countries are in a position to understand the money trade, are we in a position to establish for what purpose it’s being used?”

Sitharaman further highlighted the use of crypto assets in money laundering as detected by India’s law enforcement agency, Enforcement Directorate. She further added that members of the G20 have also acknowledged the same concerns while reiterating the need for the participation of all countries when it comes to effectively regulating crypto assets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They like wind

Its a pleasure to follow you. Brazilians streamers cryptos are defending the fascist bolsonaro

Good

Boom

They already have not so good reputation

Issue the digital rupee on an existing chain rather than a CBDC

Focus on Bitcoin

simplykashif

The government of India got a taste of taxes.

RNCrypto74

Which is probably not a good thing i hope u realize

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As UK's Truss fights for job, new finance minister says she made mistakesWith ratings dire for the Conservatives and the prime minister personally, and many of her own lawmakers asking how she should be removed, Liz Truss has turned to Jeremy Hunt to help salvage her premiership less than 40 days after taking office. Measures that hurt Russia economically and damage own interests are sacrifices, not sanctions. Both are useless in stopping wars. Brexit or Bracket lmao, conservatives really only know how to push one button that says 'cut public funding, give tax cuts to the rich'
Source: Reuters - 🏆 2. / 97 Read more »