Washington / New Delhi, 14 April (HS): It is agreed among all the members of G-20 that there should be global regulation on cryptocurrency. Any action on cryptocurrency and assets must be global. It is not possible to have an independent standalone country dealing with cryptocurrency. Union Finance Minister Nirmala Sitharaman said this.
The Finance Minister’s Office has given this information by tweeting. Sitharaman said this while addressing the press after the G-20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington on Thursday. Sitharaman said the FMCBG recognized the urgency of addressing debt vulnerabilities, including strengthening multilateral coordination towards addressing the growing debt crisis in low-income and vulnerable middle-income countries.
The Finance Minister said that we are certainly looking forward to having more and more interactions with the Government of Japan. In its capacity as G-7 Chair, potential areas of cooperation and mutual interest are being explored, so as to meet the global needs as per the demands of the hour. In her address, Sitharaman said that more attention is being paid to the development needs after the corona pandemic. We are also highlighting the two main things for the World Bank, which are the eradication of extreme poverty and subsequent prosperity.
He said that sustainability and other goals related to climate, climate finance etc. will now have to form the third pillar. India has highlighted the fact that in order to be in line with the World Bank’s goals and not just balance on them, we need to include these elements as well. Significantly, Finance Minister Nirmala Sitharaman is on a 6-day US tour.
Hindusthan Samachar/ Prajesh Shankar/Indrani Sarkar
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