India’s Finance Minister Nirmala Sitharaman confirmed that discussions are underway on global crypto regulations ahead of the G20 summit.

India is all set to chair the upcoming G20 meeting between world’s most powerful countries later this week where crypto regulations is going to be one of the major areas of concerns.

Earlier today, India’s Finance Minister said that cryptocurrencies could not be regulated efficiently without the cooperation of all countries.

At the Global Fintech Fest held in Mumbai, Nirmala Sitharaman noted that India's G20 presidency has introduced significant topics concerning the regulation and management of crypto assets.

“Active discussions are happening,” she added.