In the G20 Summit India 2023, Prime Minister Narendra Modi called for a global framework on cryptocurrencies and the Legitimately usage of artificial intelligence (AI).
Discussions on cryptocurrencies also took Centre stage at the G20 summit as countries from across the globe gathered in New Delhi to discuss the issue. Apart from this, the recent meeting of Finance Ministers and Central Bank Governors of G20 nations also deliberated on a policy consensus for regulating cryptos with India actively pitching for such rules.
The G20 countries are assured to introduce what could be recognized as the first-of-their-kind regulations governing cryptocurrencies and crypto assets worldwide.
Finance Minister Nirmala Sitharaman on Saturday (September 9) said India’s presidency of the G20 will be assisted by
A global framework will be established by International Monetary Fund and the Financial Stability Board (FSB), to regulate.
crypto assets. It will affect state and national economies with broader international consequences.
On the Summit of G20, “This a real big deal, I want to thank the PM (Narendra Modi) One Earth, One Family, One Future– focus of this G20 Summit,” said US President Joe Biden.
