The current G20 presidency held by India has issued a statement of opinion on the formulation of global cryptocurrency regulations

ChainCatcher news, the current G20 presidency held by India has released a chair statement on cryptocurrencies, attempting to incorporate India's suggestions into the framework of global cryptocurrency regulations. The statement calls for a comprehensive document that includes action points, such as the effective implementation of recommendations from the Financial Stability Board and all other standard-setting bodies.

Additionally, the statement requests consideration of the unique macro-financial impacts and risks faced by emerging markets and developing economies. Other action points include outreach to all jurisdictions to raise risk awareness, starting from regions with higher adoption rates of crypto assets, involving non-G20 members, and assigning the responsibility for coordinating global cryptocurrency regulatory work to the International Monetary Fund and the Financial Stability Board.