individual countries cryptocurrency In addition to the regulations, work continues for common global crypto regulations.
Working for global crypto regulation in this context G20is holding a new meeting in India between 13-15.
speaking at this meeting Ajay Seth, Federal Secretary for Economic Affairs of India He said that the G20 countries are working towards better global regulation of the crypto sector and building a policy consensus on crypto assets.
Ajay Seth, in his statement on the second day of the meeting, explained the effects of cryptocurrencies on the economy, monetary policy and banking sector. crypto- He stated that the regulations should be examined in order to reach a consensus.
“The regulation should proceed from the policy view taken. In fact, one of the priorities on the table is to help countries build a consensus for the policy approach to crypto assets.”
The unexpected bankruptcy of FTX revealed the urgency that countries and global regulators need to regulate the cryptocurrency industry. Because FTX’s bankruptcy “One of the biggest scams in American history.is referred to as “.
The G20 is an intergovernmental forum chaired by India, comprising 19 countries and the European Union.
among G20 countries Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States and European Union exists.
In particular, India has been taking concrete steps regarding crypto money regulations due to the negative events in the country recently.
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