Union Finance Minister Nirmala Sitharaman on Friday said that the crypto issue requires immediate attention and a response from the G20 has to ensure that they do not lose any potential benefits while protecting economies from harm. As per a report by news agency PTI, Sitharaman was part of a brainstorming session on “Macrofinancial Implications of Crypto Assets” with G20 finance ministers and central bank governors at International Monetary Fund headquarters in Washington.
The Union minister also said that there was a consensus among the members of the G20 to have a globally coordinated policy response on crypto assets that takes into consideration the full range of risks, including those specific to emerging markets and developing economies, the report added.
Crypto-related issues have emerged as a major point of discussion among G20 countries with a unanimity among member nations about the urgency to regulate this sector. The brainstorming session was attended by global experts on this issue
