Finance Minister By Cointelegraph Says India Targets Crypto SOP Development During G20 Presidency

Finance minister says India aims to develop crypto SOP during G20 presidency

India’s Finance Minister, Nirmala Sitharaman, has revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during the G20 presidency, from December 1, 2022. until November 30, 2023.

Sitharaman had previously called global cooperation to decide on the future of cryptocurrencies and has been cautious against mainstream crypto adoption citing risks to financial stability. However, speaking to local Indian reporters on October 15, she confirmed, “That (cryptocurrency) will also be part of India (the agenda during the presidency). president of the G20).”