Key G20 Financial Stability Priority By Cointelegraph
Key G20 Financial Stability Priority By Cointelegraph



© Reuters.

During the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Indian presidency, members were invited to discuss key financial stability and regulatory priorities, among other policy approaches. India urged member countries to build and understand the macro-financial implications of crypto assets and recommended formulating a coordinated global policy.

India’s Finance Minister Nirmala Sitharaman has historically supported the idea of ​​creating crypto regulations in partnership with other jurisdictions, given the global reach of crypto assets. Under India’s G20 presidency, this narrative is now part of the mainstream discussions.

India’s Finance Minister Nirmala Sitharaman during the FMCBG meeting in Bangalore. Source: Ministry of Finance.