G20 representatives plan to develop a simplified agreement on the policy of global regulation of crypto-assets.
“One of the priorities that has been put on the table is to help countries reach consensus on a policy approach to crypto-assets,” said India’s federal economic secretary, Ajay Seth.
The G20 will hold its first central bankers’ meeting in Bangalore this week. India assumed the one-year presidency of the G20 in early December, succeeding Indonesia.
According to Seth, to come to a consensus on regulating cryptocurrency, monetary policy, the banking sector and the impact of cryptocurrency on the economy must be examined.
Such a discussion began amid the collapse of FTX.