Cryptocurrency discussion in G20 Summit Event

The G20 summit is going on in India and this is such a nice event. A total of 20 countries take part in the event and it happened in Bangalore in India. There is so much news about this event in the media and it is mostly because the Indian government is expecting to support G20 countries on Crypto regulation.

This has already been shared with the finance minister a few times and they are going to discuss the matter with the countries participating in the G20 summit. As per the finance minister, it is not possible to control Crypto even when without global cooperation. One country cannot do anything in this case and this is the reason why they are speaking support from many other countries to be on the same page.

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It's not that India is one of the countries that is looking forward to banning Crypto in the country. As per as the crypto regulations are concerned they are trying to explore all possible options and expecting many other countries to be sharing their thoughts on these new forms of technology and payment revolution.

Banning cryptocurrency is just an aspect that is part of the discussion and for sure India is not going to ban it however bringing regulation on these will take longer. It might come but at least we cannot expect it in the next few months because this is a time taking process and I am sure that India will not be in hurry to bring it for the people who are dealing in Crypto.

I just hope the event goes well and the outcome that we expect out of this event should be worth it. The majority of the countries in the world are in favor of cryptocurrency and this is the reason why they are seeking options and exploring the possibilities to bring the best and most favorable regulations. It is a need to bring the regulation to avoid misuse but at the same time, the country must provide the infrastructure and environment to let it grow.

Thank you so much