Indian Finance Minister: Cryptocurrency regulation requires global consensus

Golden Finance reported that Indian Finance Minister Nirmala Sitharaman emphasized in an interview with Businessline on Monday that the world needs to reach a consensus on cryptocurrency regulation. Sitharaman emphasized the importance of international cooperation, especially within the Group of Twenty (G20), to deal with cryptocurrencies. Challenges in currency regulation. Last week, the Securities and Exchange Board of India (SEBI) provided recommendations to a government panel on the regulation of crypto assets, advocating for different regulators to oversee various aspects of cryptocurrency trading. Meanwhile, the Reserve Bank of India has 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.