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Golden Finance reported that the finance ministers and central bank governors of various countries will hold the last meeting during India’s G20 presidency in Marrakech, Morocco, from October 12 to 13. The cryptocurrency regulatory roadmap is expected to be one of the main agenda items during the meeting. India will seek to ensure that issues in the New Delhi Declaration are implemented, including a cryptocurrency regulatory framework.
Ahead of the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, Indian Finance Minister Nirmala Sitharaman chaired a meeting with NK Singh, president of the Multilateral Development Bank (MDB) and co-convenor of the G20 Independent Expert Group.
However, it will take some time for India to implement some concrete regulations, but the government has shown interest in moving in this direction. Indian cryptocurrency platforms are calling for the establishment of a self-regulatory organization. Despite regulatory uncertainty and tough tax policies, India emerged as the top country on the Chainalysis Global Cryptocurrency Adoption Index.