G20 members call for global crypto regulations, says India
Crypto assets not backed by central banks can tumble and cause macroeconomic fluctuations, says Indian FM
April 14, 2023
WASHINGTON: Indian Finance Minister Nirmala Sitharaman said on Thursday there was a greater endorsement among the Group of 20 member nations that any new laws regarding the decentralised currency need to be globally coordinated.
She added that the nations agreed that crypto assets not backed by central banks can tumble and cause macroeconomic fluctuation.
Sitharaman told a news conference after the meeting of the G20 finance minister and central bank governors: "The G20 and its members agree that it's not going to be possible to have an independent, standalone country dealing with the crypto assets."
