U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto regulation during the ninth India-U.S. Economic and Financial Partnership meeting. They stressed the importance of international cooperation and setting high regulatory standards globally.

According to a joint statement issued by Yellen and Sitharaman at the conclusion of the meeting: The United States and India look forward to sustained engagement through the longstanding U.S.-India Financial Regulatory Dialogue, a platform for discussing emerging financial sector issues and priority areas, including … digital assets.

The treasury secretary reportedly called for international collaboration on dealing with cryptocurrencies. “With respect to cryptocurrencies, there are some pools where we have inadequate market consumer and investor protection issues that need to be dealt with,” she said.