G20 looks to develop a global crypto policy consensus: Reuters

Quick Take

  • G20 economic leaders aim to develop an agreement on policy for crypto assets to inform global regulation at a meeting with finance and central bank deputies in Bengaluru, India.

Representatives at the G20 are looking to develop a streamlined policy agreement for crypto assets to inform global regulation.

“One of the priorities which have been put on the table is to help countries build a consensus for policy approach to the crypto assets," Ajay Seth, India's federal economic affairs secretary, said at a press conference on Wednesday, Reuters reported

The G20 is holding its first central bank deputies meeting this week in Bengaluru. India took up the presidency of the G20 at the start of December for a one-year term, taking over from Indonesia.

To inform the consensus on crypto regulation, Seth added that monetary policy, the banking sector and implications of crypto on the economy need to be studied. 

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