Odaily Planet Daily News: Indian Finance Minister Nirmala Sitharaman stressed the need for a global consensus on cryptocurrency regulation in an interview with Businessline on Monday. Sitharaman stressed the importance of international cooperation, especially within the Group of Twenty (G20), to address the challenges of cryptocurrency regulation. "We have discussed this issue in the Ministry of Finance even before the G20 summit and since 2020," Sitharaman explained, adding that the Reserve Bank of India (RBI) also has its own views on this. Sitharaman stressed: "We are very clear that there should be a global consensus on how to regulate cryptocurrencies." Last week, the Securities and Exchange Board of India (SEBI) provided recommendations on the regulation of crypto assets to a government panel, advocating that different regulators should oversee various aspects of cryptocurrency transactions. At the same time, the Reserve Bank of India also submitted its views on cryptocurrencies, expressing its concerns, highlighting the macroeconomic risks associated with cryptocurrencies, and highlighting issues related to tax evasion and fiscal stability. (Bitcoin.com)
