G20 Finance Chiefs Agree Global Policy Responses to Crypto Are Required – Regulation Bitcoin News

The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister. “Any action on crypto assets will have to be global,” she stressed, adding that the G20 finance chiefs’ discussion on crypto was “very substantive.

“I am glad to say that there is a greater acceptance among all G20 members that any action on crypto assets will have to be global,” Sitharaman reiterated, adding that “the G20, I think, has responded fairly with alacrity” on the challenges posed by crypto assets. The way in which we are seeing this pan out during our presidency is the IMF’s paper is being discussed. FSB’s paper also will be taken up, and a synthesis paper will be prepared from the IMF paper and the FSB paper both put together.

The Indian finance chief also noted that crypto assets can potentially cause macroeconomic instability, stating:

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Don't understand why they stopping crypto from moving progres

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El Salvador and G193 as G20 try to exert what is left of their fiscal power... Poor FinMinIndia

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भारत के वित्त मंत्री ने कहा कि G20 वित्त प्रमुख इस बात से सहमत हैं कि क्रिप्टो को 'दुनिया के एक हिस्से तक सीमित' नहीं रखा जा सकता है। cryptocurrency

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Governments pushing back. Authoritarianism or decentralization.

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