Speaking to Reuters on the sidelines of the G20 meeting in Bengaluru, U.S. Treasury Secretary Janet Yellen said it was "critical" to put in place a strong regulatory framework but added that the United States had not suggested any outright bans.

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🇮🇳 Ahead of the G20 summit, India is taking the initiative to regulate Cryptoassets

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The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister.

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India, the current president of the Group of Twenty (G20), has released its presidency note on crypto in an effort to have its suggestions included in the framing of global crypto rules.

The note assumes significance as it's the official document that voices India's recommendations before the next iteration of framing global crypto rules – a synthesis paper jointly produced by the International Monetary Fund (IMF) and Financial Stability Board (FSB).

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