This month in India G20 summit is going to happen and this is an important event for the country where multiple topics will be discussed between the twenty countries who are part of the group. it is going to happen in New Delhi which is the capital of India and the government has been working on doing all the preparedness and making sure that security arrangements are done. All the delegations will be coming from different countries and twenty countries will be participating in the event to discuss various topics.
It is expected that in the event which is called G20summit, the Indian government is going to discuss the matter of cryptocurrencies. The Indian Finance Minister has already discussed in some open forums that India as a country is expecting a global framework on cryptocurrencies. so this can be a good opportunity for them to discuss the matter with 20 countries in one forum and this might get some attention from other countries to bring some positive updates.
Recently we have seen how India is talking about the blockchain and crypto currencies and they are not talking negatively about it. this can be a good sign for the crypto community in India and globally as well because India as a country is taking a lead and they are trying to show their openness towards the industry. Although it is known that there are multiple issues in the industries and because of that the companies operating in these segments are struggling.
Indian crypto exchanges are struggling some positive outcomes from this summit and if it happens then it will be good for them and even for the traders more positivity will come that will boost this segment overall. It would be interesting to see how the Indian Government touches this topic and if discussion happens then on which direction it takes.
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