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India's RBI Intends to Push G-20 to Focus on Crypto's Macro Risks

The Reserve Bank of India (RBI) is trying to expand the global narrative around cryptocurrencies beyond "financial stability and integrity to macro-financial and cross-sectoral implications and risks of crypto-assets," the central bank said in its annual report published on Tuesday. The step is taken to attract attention towards how crypto can hurt or completely change the global economy rather than just nations and customers individually, government sources have told CoinDesk previously. However, this is perhaps the first time the RBI has articulated its "intent" as an important stakeholder in the current global conversation around global crypto rules.

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