Indian Finance Minister Nirmala Sitharaman has emphasized the importance of developing a common framework for crypto regulation across all countries, given the "so many collapses and shocks" in the industry. She discussed the topic of cryptocurrency regulation at the G20 Finance Ministers and Central Bank Governors meetings, which are taking place during her visit to the US for the Spring Meetings of the World Bank Group and the International Monetary Fund. India's central bank has recommended a ban on all cryptocurrencies, but the government has stated that both regulating and banning them would require global collaboration. The government has requested the IMF and FSB to prepare a synthesis paper on crypto assets. (Bitcoin.com)