India plans to establish standard operating procedures for cryptocurrencies during its G20 presidency

ChainCatcher news, according to Cointelegraph, India plans to establish standard operating procedures (SOP) for cryptocurrencies during its G20 presidency from December 1, 2022, to November 30, 2023, aimed at effectively managing or regulating cryptocurrencies in collaboration with various countries.

It is reported that on October 7, the Reserve Bank of India released a proposed list of features and rationale for its developing central bank digital currency (CBDC), summarizing the main motivations for issuing the digital rupee, including trust, security, liquidity, settlement finality, and integrity. The goal of India's digital currency is to reduce operational costs and improve financial inclusion. (Cointelegraph)