India has yet again called for a global approach to crypto regulation during its G20 presidency.
During an interview with Business Today, the Prime Minister of India, Narendra Modi, again underscored the need for a global approach to regulating cryptocurrencies and digital assets.
India Maintains its View on a Global Crypto Regulatory Framework
Ahead of this year’s G20 summit, which will take place in Delhi on September 9 and 10, India, which holds this year’s presidency, has again reiterated the need for unified crypto regulations.
During the interview, PM Narendra Modi addressed emerging technologies such as cryptocurrencies and blockchain and noted that these technologies have a global impact. As such, PM Modi said regulating these technologies needs to take a global approach.
The PM noted that India is doing its part to contribute to the framework and said:
“India’s G20 presidency expanded the crypto conversation beyond financial stability to consider its broader macroeconomic implications, especially for emerging markets and developing economies. Our presidency also hosted enriching seminars and discussions, deepening insights into crypto assets.”
Modi Supports Including African Union Into G20
PM Modi further said he supports the G20 being more inclusive and would favour adding the African Union into the G20 to make them part of the discussion around crypto regulation.
Modi said:
“We haven’t stopped at ideating on how we should move ahead. We have also come up with tangible details on the way ahead and how quickly we need to move.
So, our road map is detailed and action-ori
Go to Source to See Full Article
Author: Jana Serfontein
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
