September 6, 2023 5:16 PM | 1 min read
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India, under its G20 presidency, is actively discussing the creation of a universal cryptocurrency framework, according to the country’s Finance Minister Nirmala Sitharaman.
On Aug. 28, Indian Prime Minister Narendra Modi emphasized the importance of global collaboration in shaping cryptocurrency regulations among the G20 nations, which consists of 19 countries and the European Union.
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He asserted that globally influential emerging technologies, such as cryptocurrencies, should be governed by universally accepted regulations.
This sentiment echoes discussions anticipated at the upcoming Benzinga’s Future of Digital Assets conference on Nov. 14, which will delve into the evolving landscape of digital currencies and their global impact.
At the Global Fintech Fest on Sept. 5, Sitharaman acknowledged the dual nature of cryptocurrency as both a “threat and an opportunity.”
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She underscored the importance of international collaboration in crafting a financial system that can efficiently oversee global cryptocurrency operations.
“Global cooperation is absolutely critical,” Sitharaman stated, emphasizing that “financial technology transcends borders, making cross-border partnerships absolutely crucial.”
Since assuming the G20 presidency in the last quarter of 2022, India has persistently spotlighted the significance of international cooperation for financial security.
The finance minister further confirmed the collaborative efforts of G20 members in drafting eagerly awaited cryptocurrency regulations.
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“The Best Report Benzinga Has Ever Produced”
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