Indian Finance Minister Nirmala Sitharaman has unveiled her plan to develop “standard operating procedures” (SOP) for cryptocurrencies during India’s G20 presidency.
The Indian government, which has come to the fore with its close contact with cryptocurrencies, is preparing to take this issue to a different dimension. In the process up to now, persistently “Integration of cryptocurrencies is not something that only one country can do.Sitharaman, the Minister of Finance of India, put forward the statement, G20 Getting ready to take it to the top.
led by India December 1, 2022 will begin on and 30 November 2023 The G20 summit, which will be detailed with many different sessions until its date, will be full of studies for cryptocurrencies. Under the plan, called “standard operating procedures” (SOP), steps will be taken to address the same concerns that have been had with G20 countries.
Sitharaman underlined the following points in his statement on the subject:
When it comes to platforms, trading of crypto assets, profits from trading, we need to realize where we are and how much we understand them. Are we in a position to determine what is what? We also know that G20 members acknowledge the same concerns and that the involvement of all countries is essential when it comes to the effective regulation of crypto assets. We will continue to keep this issue on the agenda during our G20 presidency.