- Indian Prime Minister Narendra Modi emphasized the need for a global framework and regulations for cryptocurrencies.

- In an interview with Business Today, Modi acknowledged the rapid technological changes and emphasized the importance of adopting, democratizing, and taking a unified approach to emerging technologies.

- Modi highlighted that regulations and frameworks for technologies like cryptocurrencies should not be limited to one country or group of countries.

- He proposed the idea of a global consensus-based model for regulations, drawing parallels to the aviation industry where common global rules and regulations are in place.

- India, currently holding the G20 presidency, has been actively involved in shaping the conversation around cryptocurrency regulation beyond just financial stability, considering broader macroeconomic implications, especially for emerging markets and developing economies.

- The #G20 , under India's presidency, achieved a consensus on these matters, guiding standard-setting bodies accordingly, and hosted discussions and seminars to deepen insights into crypto assets.

- #India has released a "Presidency Note" to contribute to the establishment of a global framework for crypto assets.

- The Financial Stability Board (FSB) proposed guidelines for a #global regulatory #framework for crypto assets, and the G20 finance ministers and central bank governors have previously agreed that crypto regulation requires global policy responses.