As India prepares to begin its one-year presidency of the Group of 20 (G20) on December 1, it will seek to develop a global, technology-driven regulatory framework for cryptocurrency, according to India’s finance minister, Nirmala Sitharaman. The minister stated that the intention is to collect information, study it, and present it to G20 members for discussion and agreement on a framework so that countries around the world can have a technology-driven regulatory framework for cryptocurrencies. Sitharaman also stated that India has discovered “substantial” cases of money laundering related to cryptocurrency and crypto asset trading, a concern shared by several G20 members.
