If governments try to regulate cryptocurrencies without reaching a worldwide consensus, they will fail. FM A. Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said on Sunday that a worldwide framework may need to be formed, and everyone will have to work together on it, before India takes any action on it, underscoring that global consensus is important for regulation of crypto. However, the Minister emphasized that this does not imply a lack of oversight for promising distributed ledger technologies. The G20, of which India is the current president, has inc....