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Coordinated global crypto policies: G20 key financial stability priority

Published 02/25/2023, 02:04 AM
Updated 02/25/2023, 03:40 AM
© Reuters.

During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency, the members were invited to discuss key financial stability and regulatory priorities, among other policy approaches. India urged member nations to build and understand the macro-financial implications of crypto assets and recommended formulating a coordinated global policy.

India’s Finance Minister, Nirmala Sitharaman, has historically supported the idea of creating crypto regulations in partnership with other jurisdictions — given the global reach of crypto assets. Under India's G20 Presidency, this narrative is now a part of mainstream discussions.

India's Finance Minister Nirmala Sitharaman during FMCBG meeting in Bengaluru. Source: Ministry of Finance.

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