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India initiates global dialogue for cryptocurrency regulations



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India has announced its intention to develop cryptocurrency regulations through a consultative process involving both international and domestic stakeholders. Ajay Seth, the Economic Affairs Secretary, discussed the country’s approach to cryptocurrency regulation during an interview with CNBC-TV18.

Seth emphasized that India’s regulatory framework would be based on a consensus achieved through discussions at both the global and domestic levels. He added that these discussions would carefully consider recommendations, and they would determine appropriate policies and actions accordingly.

Regarding the Reserve Bank of India’s (RBI) proposed ban on cryptocurrencies, Seth emphasized that it should not be viewed as a binary decision. Instead, it is a framework for assessing risks associated with cryptocurrencies. He indicated that India would develop its stance in the coming months.

Seth highlighted the significant progress made within the G20, particularly by organizations like the International Monetary Fund (IMF), Financial Stability Board (FSB), Financial Action Task Force (FATF), and the Bank for International Settlements (BIS). These organizations collectively established a comprehensive policy framework for assessing cryptocurrency-related risks.

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He also noted the G20‘s endorsement of earlier work on regulations for stablecoins and unbacked crypto assets, which includes the formulation of high-level principles and regulations for this asset class.

Seth underscored the G20’s recognition of the elevated risks associated with cryptocurrencies, especially for emerging economies. Discussions within the G20 focused on the building blocks for effective regulations, identification of responsible entities, establishment of a tentative timeline, and specification of necessary regulatory components.

He stated that clear understandings were reached on these matters, and further work would be conducted by relevant agencies. Each country would decide its course of action based on these understandings.

Seth mentioned that inflation remained high in several economies, prompting central banks to consider tighter monetary policies. He further added that high inflation could impact economic growth.

Seth also discussed the impact of lower global trade on India, particularly in goods exports. However, he noted that Indian services exports had been performing well, potentially mitigating the impact of subdued global trade.

CNBCTV-18 also reported that while G20 leaders have endorsed cryptocurrency regulations, discussions would continue at the ministerial and government levels to determine how to implement these regulations effectively. The focus would be on implementing regulations swiftly and comprehensively.

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  • 15.10.25 18:07 crypto

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  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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