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G20 Set to Crystalize Global Crypto Rules as India Wraps Up Presidency

Global economic leaders called for global coordination on crypto regulation. The meeting, held under Chatham House rules, took place as India wraps up its presidency of the Group of 20 nations. Leading economic officials pushed for greater global coordination of crypto regulations during a recent roundtable discussion held during a G20 meeting. International Monetary Fund Managing Director Kristalina Georgieva opposed the idea of an outright ban, likening crypto to water: "You try to plug it from one side, it will find some hole and come out." The comments contributed to a sentiment that stalled one part of India’s plans – putting forward its own presidency note on crypto.


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