G20 finance ministers and central bank governors released a joint statement at the Marrakech meeting in Morocco, announcing unanimous agreement on a comprehensive roadmap for regulating crypto assets. The roadmap aims to enhance global financial stability and ensure effective management of cryptocurrencies within the international economic framework. The agreed-upon crypto asset roadmap is based on the comprehensive document released last month in Delhi, which is the blueprint for the official G20 crypto asset roadmap.

At a recent G20 meeting, economic leaders urged for global coordination on regulating cryptocurrencies instead of individual countries banning them. India, as the current G20 president, is hoping to push for a globally acceptable framework for crypto rules during the leaders' summit in September. <br>

India's Finance Minister and current G20 president, Nirmala Sitharaman, announced that the G20 has given its approval to the Financial Stability Board's (FSB) recommendations on crypto asset activities and global stablecoin arrangements. The FSB's recommendations come in response to calls from the crypto community for stronger controls, and focus on governance, risk management, and clear disclosures to protect customer funds.

Finance ministers and central bank governors from the Group of 20 (G20) nations will meet in India next week to discuss increasing loans to developing nations from multilateral institutions, reforming the international debt architecture, and regulations on cryptocurrency. They will also discuss a multilateral agreement on taxing conglomerates with cross-border operations and the Russian war in Ukraine.

According to Reserve Bank of India Deputy Governor Rabi Sankar, stablecoins pose a threat to policy sovereignty and are only useful to a few countries. He believes that central bank digital currencies (CBDC) are better solutions for all countries.

The G20 finance ministers and central bank governors have agreed that crypto regulation cannot be confined to one part of the world, said India’s finance minister.

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)

The G20 is planning to develop a common framework to help all countries deal with risks associated with cryptocurrency investments. India's finance minister, Nirmala Sitharaman, called for coordinated global crypto policies, highlighting the numerous crypto collapses and the need for a coordinated effort from all jurisdictions. India's G20 presidency will end on November 30, 2023, leaving roughly seven months for the group of 20 nations to carve out blanket crypto reforms that could be implemented across jurisdictions. Meanwhile, India's home-grown payment network, the unified payments interface (UPI), is expanding globally, with Singapore's PayNow rapid payment system integrating UPI to allow swift cross-border payments.

Crypto regulation is an important topic of discussion at the G20 meetings in Washington, DC, under India's presidency, according to Indian Finance Minister Nirmala Sitharaman. India aims to develop a common regulatory framework for cryptocurrencies and deal with associated risks. Sitharaman will hold a high-level meeting with US Treasury Secretary Janet Yellen to discuss mutual interests. India will also co-chair the Global Sovereign Debt Roundtable with the IMF and the World Bank on April 12, focusing on the global debt landscape and debt restructuring challenges. On April 14, a high-level seminar on the macro-financial implications of crypto assets will be held.

on March 25th, 2023, Japan is planning to ask the G7 and&nbsp;G20 nations&nbsp;to strengthen their regulation of cryptocurrencies. This is not the first time that Japan has made such a request, as the country has been a vocal proponent of stricter&nbsp;crypto regulation&nbsp;for several years.