Indian Finance Minister: Cryptocurrency Regulation Needs Global Consensus

In an interview with Businessline on Monday, Indian Finance Minister Nirmala Sitharaman stressed the need for a global consensus on cryptocurrency regulation, and Sitharaman stressed the importance of international cooperation, especially within the G20, to address the challenges of cryptocurrency regulation.
Last week, the Securities and Exchange Board of India (SEBI) advised a government panel on crypto asset regulation, advocating for different regulators to oversee various aspects of cryptocurrency trading. At the same time, the Reserve Bank of India also submitted its views on cryptocurrencies. The central bank expressed its concerns, highlighting the macroeconomic risks associated with cryptocurrencies and highlighting issues related to tax evasion and fiscal stability.