Key priorities for financial stability and regulation were discussed at the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Indian Presidency. India urged member states to understand the macro-financial implications of crypto assets and recommended formulating a coordinated global policy.
India’s Finance Minister Nirmala Sitharaman has in the past pushed for the creation of crypto regulations in partnership with other jurisdictions – given the global reach of crypto assets. Under India’s G20 presidency, this narrative is now part of mainstream discussions.
India’s Finance Minister Nirmala Sitharaman during the FMCBG meeting in Bengaluru. Source: Ministry of Finance.
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