India's G20 presidency: A watershed moment in crypto regulation
1 year, 2 months ago

India's G20 presidency: A watershed moment in crypto regulation

Hindustan Times  

In the annals of global diplomacy, India's tenure at the helm of the G20 presidency will be remembered as a period of significant milestones and transformative initiatives. From thriving in a rapidly expanding crypto sector to navigating hurdles such as high taxes, shadow bans on banks working with crypto companies, and the inclusion of cryptocurrency under the purview of PMLA, India's crypto journey has been eventful. While the central bank's advocacy for a crypto ban did create ripples, the government's stance, is a more practical, one that leans towards strict regulation rather than prohibition. The world's eyes now turn to the next steps at the G20 finance ministers and Central Bank governors meeting scheduled for October 2023 in Morocco where the next steps for global crypto regulation will crystallise.

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