India Finance Minister Nirmala Sitharaman said on Thursday there was greater agreement among Group of 20 member countries that any new regulation of cryptocurrency must be globally coordinated, saying cryptoassets not backed by central banks could fall and cause macroeconomic instability.
“The G20 and its members agree that it will not be possible to have an independent, separate country dealing with crypto-assets,” Sitharaman said at a press conference after a meeting of G20 finance ministers and central bank governors.
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